A nagtive Global cue, But the Home is peacefull.
The index closed below its crucial support level of 9,200 on Friday, with a shooting star on weekly close, usually formed in an uptrend and is treated as a reversal pattern and thus warrant caution.
GST bill implementation from July, Will increase GDP, and organized unorganized all sectors will come under taxation is a good thing for economy, while Skynet is forecasting poor monsoon as foresee an El-Nino phenomenon to be in effect, and the US war ship is in Mediterranean sea, ready to retaliate the chemical war done in Syria, is an unpleasant situation now.
A weaker Job report, and escalating geopolitical tensions and cropping the US central bank's balance sheet also made investors nervous, and the western cue is negative. Give a general idea that this week market may touch the support area 9000 or even low. But the SGX is showing positive sign now.
GST bill implementation from July, Will increase GDP, and organized unorganized all sectors will come under taxation is a good thing for economy, while Skynet is forecasting poor monsoon as foresee an El-Nino phenomenon to be in effect, and the US war ship is in Mediterranean sea, ready to retaliate the chemical war done in Syria, is an unpleasant situation now.
A weaker Job report, and escalating geopolitical tensions and cropping the US central bank's balance sheet also made investors nervous, and the western cue is negative. Give a general idea that this week market may touch the support area 9000 or even low. But the SGX is showing positive sign now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.