Indian Stock Markets Today: Volatile Before General Election Results

22 May 2019 (9:07 am IST)

This week Indian stock markets have created a new trading range and are expected to trade within the low level of Monday and high level of Tuesday.


SGX Nifty has been slightly positive in the early session showing support. But Indian stock markets can go in any direction at the day before the general election results are out.

Day traders can take help of daily pivot levels given on our Pivot Trading page. For major stock indexes these levels are:

Expect Indian stock market to trade with high volatility and it is possible that these markets will remain range-bound within this week high and low levels. However, day traders must watch the intraday trend and trade with the trend line within important support and resistance levels.

The recent gap up opening may provide a support base for these markets. Tomorrow general election results will be out and before that Indian stock markets may hesitate in taking any clear trend and room between this week high and low levels.



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World Stock Markets Today: Rangebound Within Weekly Range

22 May 2019 (9:07 am IST)

21 May 2019 (11:37 pm EDT)

World stock markets have opened with mostly positive numbers in this session after U.S. stock markets closed with good gains in their overnight session.

U.S. and European futures are currently trading with minor positive numbers. Major stock markets in Asia are trading with mixed numbers but mostly positive. SGX Nifty is flat but showing support, waiting for Indian stock markets to open and take a trend.
Stock markets have created a new weekly range this week and are expected to trade within that range.

Day traders should watch the important support and resistance levels in their local index and trade with the trend with those levels

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US Stock Markets Today: Strong Support, Positive Trend

21 May 2019 (8:56 am EDT)

U. S.stock futures have been trading positive today and have been adding to their gains continuously, which shows support to these numbers.

This indiactes a positive opening and strong intraday support in US stock markets today. European stock markets are also trading positive.

On technical charts of Dow Jones futures, one can see that this futures index has been climbing steadily, finding support first at 25,800 and then near 25,830- 850. At the time of writing, this index is higher by a margin of 150 points. A similar opening is expected in Dow Jones and broader U.S. stock markets.

This could wipe out the losses of yesterday and create a range bound weekly trend for U.S. stock markets. This range is clearly visible on hourly charts. Day traders should use the trading strategies for range-bound markets which will be trading with support and resistance levels. The immediate trading range will be within the last 3 trading sessions and a broader trading range will be within last week’s high and low marks.

The intraday range will be marked by daily pivot levels which we have provided on our Pivot Trading page. Day traders can use these levels to anticipate where support and resistance will be stronger during the trading session. These pivot levels are:

U.S. stock markets are expected to open positive but trade range bound within last few sessions’ range. This range will be broken only when the high mark of the last week is taken out, or the low mark. Till then, the best trading strategy will be to trade from support or resistance level with the short term Trend.

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Indian Stock Markets Today: The Uptrend Continues

21 May 2019 (9:25 am IST)

Indian stock markets have opened at record high levels and Nifty is trading near 11,900 levels now.

Nifty and broader Indian stock market had a big rally yesterday after the exit polls results indicated the majority for the current ruling party BJP and their coalition NDA.

Although the real results will be declared on Thursday, right now Indian stock markets are showing no signs of stopping the rally so it will be the best trading strategy for day traders to follow this trend as long as the trendline continues on technical charts, at least hourly levels.

Check out the intraday range labels on our Pivot Trading page. This will provide a broader support and resistance levels for major stock indexes. These levels are:

Indian stock markets are currently in a strong uptrend. In the opening session, the uptrend seems to continue.

Since it is a trend so day traders should use trendline for minor support and resistance levels and as long as the trendline continues up, and the price keeps bouncing up after touching this line, day trading should continue to buy those bounces.

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World Stock Markets Today: Support Levels Strong, Positive Trend

21 May 2019 (9:08 am IST)
20 May 2019 (11:39 pm EDT)

U.S. stock markets traded in a choppy manner in their overnight session.
This morning in Asia session, U.S. stock futures and European stock futures are trading with considerable gains, indicating that support is strong in these markets and today’s session could turn positive after yesterday’s negative session.

In Asia, most of the major stock markets are trading positive and some are showing slightly negative numbers.

SGX Nifty is trading positive and the pre-open number in Indian stock markets are showing another positive opening and record numbers in these markets.

That it should follow the trend in their local stock markets which is expected to remain positive. In such conditions, the best day trading strategy is to buy on dips. So wait for those tips and by if the trend is positive and climbs up word. If the intraday trend is range bound in your local markets then trade between major support and resistance levels.

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US Stock Markets Today: Negative Open As Tech Stocks Fall

20 May 2019 (8:57 am EDT)

U.S. stock futures have tunred highly negative as major tech companies suspend business iwth Chinese tech company Huawei. Nasdaq futures have fallen nearly 1.50%, dragging down other futures too.

These losses indicate that U.S. stock markets will open near the previous week’s opening levels and will remain rangebound within the last week’s high and low leveles.

So, the weekly trend will stay rangebound for U.S. stock markets as long as the last week’s low mark is not breached. If that happens, then a fresh wave of downtrend will hit these markets. The monthly trend is still negative for U.S. stocks.

Day traders can find intraday pivot levels on our Pivot Trading page. These levels indicate broader range levels for major stock indexes. These levels are:

After a lower opening, U.S. stock indexes could show a mixed trend as Dow Jones futures are showing support at lower levels.

Day traders should wait for markets to settle down after the opening volatility and watch wahct kind of intraday trend emerges in U.S. stock markets today. After a low opnening, these markets will either turn range bound (that is, find support and recover losses) or continue to trade down.

Espect a low opening but volatile intraday trading pattern in U.S. stock markets today. The week is starting with negative numbers so this week’s trend will be considered negative at this time.

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Indian Stock Markets Today: Big Gap Up Open on Exit Poll Results

20 May 2019 (8:47 am IST)

SGX Nifty and open numbers Indian Indian stock markets are indicating to a big gap up opening in Indian stock markets after the exit polls results indicated that the ruling party BJP will gain a majority in recently concluded general election results.

Nifty is expected to open with more than 250 points’ gain, other major indexes are also showing begins in pre-open trading, rupee has also become stronger.

After a gap up opening in such unusual market conditions we can expect two types of friend first Indian stocks will continue to climb higher. Second, markets will turn range bound at near opening levels for perhaps come down slightly on profit booking at a high level.

For day traders, the better trading strategy will start will be to wait for the market to stabilize after the initial volatility is over.

Of course, if the uptrend continues even after the higher opening, then it will be a buying session even for day trading. If markets cool down, then small traders should look out whether support levels are getting stronger or resistance levels, and then trade with the dominating trend for short duration. Indian stock market making because these are just exit poll results and the real results will come on Thursday, May 23rd.

But this week indicates an excellent opportunity to take advantage of market volatility and make some good profits if the big trend continues in these markets.

Intraday pivot levels are given on our Pivot Trading page and most probably markets will open near perhaps about the highest resistance levels. For Major stock indexes these levels are:

Indian stock markets asset for a very big app opening today after that markets this market will either continue with their uptrend or turn volatile within last week closing and today’s opening levels. Day traders must watch how markets behave after the high opening and follow the trend.

As wrote previously, last week had closed positive for these markets and now this week is opening with big gains, so this week’s trend is also up and this month’s losses have almost been erased.

Right now, things are looking very rosy in Indian stock markets and day trader should not go against the trend, which can either turn range bound today or continue to climb up after the big gap opening in these markets.

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World Stock Markets Today: Weekly Trend Starts Positive

20 May 2019 (8:47 am IST)
19 May 2019 (11:18 pm EDT)

After a positive closing to the last week, the world stock markets have started this new week with mostly positive numbers, indicating that the weekly and daily trend is up at the time of writing.

U.S. and European stock futures have been trading with gains in the early session, adding to the positive sentiments in the different markets.

Asian stock markets had also started with mostly positive numbers, now those numbers have become mixed.

SGX Nifty is trading with 270 points’ lead on exit poll results, indicating a big gap opening in Indian stock market today.

Overall it looks like a mixed trend in global stock markets with positive support building upon the gains of the last week.

A higher opening of the week indicates in an uptrend in markets that are trading positive and carrying forward their last Friday’s closing Trend. Markets they have turned negative in Asia will trade range bound with their last sessions high and low levels.

Day traders should watch the local trend and trade with the support and resistance level if their markets are rangebound or trendline if their markets are trending up.

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US Stock Markets Today: Low Opening, Range bound Trend

17 May 2019 (8:49 am EDT)

U.S. Stock futures are trading with highly negative numbers before the opening bell today, but nobody is afraid of any further fall in these markets because yesterday, U.S. stock markets staged a range breakout, which indicated a positive trend reversal.

For example, if Dow Jones loses even 200 points at open, it will still remain within yesterday’s trading range.

As we wrote previously, U.S. stock markets have made a “higher low” pattern on their technical charts, which indicates a positive trend and intraday losses will only test support levels. Also, the weekly trend has now become positive.

Day traders can find intraday support and resistance levels on our Pivot Trading page. For major indexes these levels are:

Expect U.S. stock markets to trade with choppiness and after a lower opening, day traders should watch support levels. The immediate trading range will be between yesterday’s high and low marks. The intraday trend may remain range bound and day traders can find buy and sell opportunities near support and resistance levels.

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Indian Stock Markets Today: Rangebound Trend, Strong Support

Indian Stock Markets Today: Rangebound Trend, Strong Support

17 May 2019 (8:55 am IST)

As we had written yesterday, Indian stock market trading in a strange and yesterday true to that range-bound pattern, these markets bounce back from their support level to close near the week’s high levels.

SGX Nifty is continuing that range-bound pattern, and that this futures index of nifty is trading lower in opening session today. Today Indian stock markets will probably remain within this week spreading range and trade between their measures support and resistance levels.

The support levels have been quite a strong this week and these markets will take a trend only when this week’s support or resistance level will be broken. Looking at global cues, it seems possible that the next week global stock markets will rise higher and perhaps Indian stock markets will also follow the same trend. However, for Indian stock markets, general election results will be coming soon and exit polls may create high levels of volatility next week.

We have provided daily pivot levels on our Pivot Trading page. Day traders can use these levels to anticipate the intraday trading range. For major indexes these levels are:

Expect Indian stock market to trade with high volatility and most probably remain within their previous session’s range. Global cues may dominate these markets once again.

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