US Stock Markets Today: Positive Opening, Rangebound Trend

21 October 2019 (8:22 am EDT)

US stock futures are trading moderately higher, indicating a similar positive opening in US stock markets in today’s session. 

Last Friday, US stocks had fallen and closed negative. Today’s positive opening will keep markets within that previous trading range. If major indexes fall below the previous low points, for any reason, then the previous downtrend will continue, else, we can expect a rangebound session in US stock market.

Use intraday range levels given on our  Pivot Trading page. These important levels are:

Expect US stock markets to open positive. The US-China trade deal is making positive progress, so the overall trend is also expected to remain higher in these markets. If no negative news rattles markets, then we can expect a positive start of this week in US stocks. 

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US Stock Markets Today: Narrow Range, Choppy Trend Continues

18 October 2019 (8:40 am EDT)

In this last session of the week, US stock futures are again trading in a narrow range, showing that US stock markets will continue their narrowly range bound and choppy trend.


As we have been writing previously, US stock markets are trading near their range-top levels and only some big, positive news can push these markets over their current range resistance levels. Since there is no negative news so markets are not going down. This has created a narrow range for US stocks.

For day trading, one can use pivot levels provided on our  Pivot Trading page. These levels are:

 US stock markets are expected to open flat and trade sideways like the previous few session. The trading range is not big so smaller timeframes will be needed for intraday trading. Use both support and resistance levels and trade with the short term trend, rising or falling from these levels. 



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Indian Stock Markets Today: Lower Opening, Rangebound Trend

18 October 2019 (8:44 am IST)

Yesterday, Indian stock markets broke out of their two-day range and rallied to major indexes closed above their previous resistance levels, which can now act as a support.

Today, SGX Nifty is trading around 30 points lower, which is normal after yesterday’s steep climb. Many small traders are looking to short Nifty and Bank Nifty, but they must be careful because on daily, weekly and 5-hour charts (bigger timeframes) the trend has become up. After yesterday’s rally, even the monthly candlestick has turned positive for Nifty.

Just have a look at the daily candlestick charts of Nifty, and you can see that since the day this index had a huge rally on corporate tax cuts, it has developed new support at 11,100 and since then it has made a “higher low” pattern on both the daily and weekly charts. We all know that a “higher low” pattern indicates an uptrend.

After yesterday’s rally and today’s possible low opening, Nifty and broader Indian stock markets will have two trend possibilities- 

(1) After a low opening, major indexes will bounce back from 2- Day Moving Average on hourly charts (current support), in which condition the previous uptrend will continue, or

(2) Major indexes will continue to fall below this 20-DMA on hourly charts and a new, minor downtrend will start.

For day trading, traders must wait and watch to see what kind of intraday trend unfolds and only after that, they should start trading. 

Apart from these, check pivot levels provided on our Pivot Trading page for intraday support and resistance levels. These levels are: 

Indian stock markets are expected to open with negative numbers. This is normal after a straight rally in the previous session. From here, the minor uptrend can continue if support levels remain strong. If support levels are broken, then a minor downtrend can start within the weekly range.

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World Stock Markets Today: Mixed, Technical Trend Continues

18 October 2019 (8:25 am IST)

17 October 2019 (10:54 pm EDT)

US stock markets have become rangebound near their all-time high levels and left world stock markets to decide for their trend.

As a result, different markets are trading on their technical or local cues, with mixed numbers. At the time of writing, major Asian stock markets are trading with mostly positive numbers. US and European stock futures are slightly negative, and SGX Nifty has dipped after yesterday’s rally.

Regional markets are showing a mixed trend. This is good for day traders; they can now focus on their local trend without bothering about any global trend.

World stock markets are expected to trade within a broad, monthly trading range. Technical signals will be most helpful in trading these divers trending conditions in global stocks. Check how your local markets are trading and follow that short term trend.

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US Stock Markets Today: Positive Open, Choppy Trend

17 October 2019 (8:35 am EDT)

US stock futures are moderately higher at the time of writing, suggesting that US stock markets will open with some gains.

After the opening bell, US stocks could trade in a rangebound and choppy manner as major indexes are close to their all-time high levels.

As we wrote earlier, US stock markets need big positive news to break out of their yearly range. If that does not happen, then the broader rangebound trend will continue till the 2020 US presidential election. 

For intraday trading today, consult daily pivot levels given on our  Pivot Trading page. For major indexes these levels are:

US stock markets are expected to open slightly higher but trade sideways with high volatility like the previous session. Day traders should watch both support and resistance levels and trade with the short term trend for small profits. Big profits will come when these markets start trending again.

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Indian Stock Markets Today: Volatile Near Resistance Levels

17 October 2019 (8:55 am IST)

Yesterday the Indian stock market traded in a small range and had a mixed trading pattern.

Nifty has become range-bound between 11,500 and 11,400 levels. The index is showing a positive trend in bigger timeframes, such as weekly, daily, and 5 hours. Below these time frames, the index is showing a choppy and rangebound trend. 

Yesterday, Nifty came close to falling below 11,400 level but at that level, 5-hours Moving Average support pushed the index back towards day’s high levels. Traders should watch these higher time frames and how Nifty trades near support levels on these timeframes. That will most probably decide what kind of trend develops in Nifty from here if it continues to find support in bigger time frame charts, or breaches those support levels. As long as Nifty is finding support in higher time frames, the minor uptrend in this index and broader Indian stock markets will continue.

For intraday trading, we have provided daily pivot levels on our Pivot Trading page. For major indexes, these levels are: 

Expect Indian stock markets to trade with high volatility like the previous few sessions. Yesterday’s trend was range-bound, today it can continue in the same manner or take a trend in either direction.

For day trading, watch both support and resistance level and whichever proves stronger, trade with the short-term trend from that level.

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World Stock Markets Today: Slow-paced, Volatile Session

17 October 2019 (8:55 am IST)

16 October 2019 (11:25 pm EDT)

After US stock markets traded aimlessly in their overnight session, world stock markets have also adopted the same trading style. At the time of writing, no trend is visible in world stock markets. Major Asian stock markets are trading mixed, with thin margins.

European and US Stock futures are negative but with fewer numbers. SGX Nifty is positive but trading with small gains, waiting for Indian stock markets to open and create an intraday trend.

As we wrote yesterday, US stock markets have reached their range top-levels and have become slow-paced. From here, these markets will need a piece of big positive news to go higher or turn range-bound at current levels till the US-China trade talks provide some conclusive results.

In the absence of any global trend, expect world stock markets to trade mostly on technical signals and local cues. For day trading, watch both support and resistance levels, because the intraday trend is expected to remain sideways.

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US Stock Markets Today: Subdued Opening, Volatile Trend

16 October 2019 (9:15 am EDT)

As we wrote in our earlier post about world stock markets, US Stock futures have been trading slightly lower in this session after the last few days’ continuous rallies.

However, US Stock futures are only slightly down, indicating a moderately negative opening in US stock markets today. For day trading, one can use 5 hours chart, where major indexes are looking rangebound. The daily and weekly trends are strongly up, only the intraday trend could turn volatile on profit booking. 

 Day traders can use the pivot level given on our  Pivot Trading page. These technical levels are:

 US stock markets are expected to open with subdued numbers, and trade in a choppy manner. These market trading on news related to the US-China trade deal, and any news related to these trade talks, whether positive or negative, can trigger high volatility in US stock markets. 

Therefore day traders should keep strict stop losses in all their open positions and trade with the support and resistance level. The intraday trend could remain range-bound. Use 5 hours or hourly charts for intraday trading. The long term trend is up for these stock markets. 

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Indian Stock Markets Today: Volatile Near Resistance Levels

16 October 2019 (8:40 am IST)

SGX Nifty is again trading with higher numbers, just like yesterday, and we can expect a positive opening in Indian stock markets too. 

After that, the trend in Nifty and broader Indian stock markets can turn volatile because of Nifty resistance near 11,460 levels. That is the only hurdle that stopped Nifty from reaching 11,500 mark yesterday.

Day traders can use intraday support and resistance levels that are provided on our Pivot Trading page. These levels are:

Indian stock markets have been slowly inching up in the last few session and although the intraday trend has been very volatile, yesterday these markets showed good support. If Nifty crosses above 11,460, then the index will have no big resistance till 11,600.

However, day traders should be cautious and watch both support and resistance levels in today’s session. This could be a make or break session for Nifty. Intraday volatility could increase because tomorrow happens to be the weekly options expiry session for both Nifty and Bank Nifty.

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World Stock Markets Today: Positive Trend Continues

16 October 2019 (8:40 am IST)

15 October 2019 (11:09 pm EDT)

After US stock markets had a huge really in their overnight session, world stock markets have opened with positive numbers, carrying forward that rally.

At the time of writing, all major Asian stock markets are trading positive. SGX Nifty is trading more than 50 points higher, indicating a positive opening for Indian stock markets today.

Although US and European stock futures are slightly negative, this is like taking a breather after yesterday’s big rally, so nothing unusual in that. Dow Jones had closed above 27,000 in the overnight session. This index has now come back to its range top level and may become slow at current levels. US stock markets have recovered all their losses of this month and have turned positive. If nothing goes wrong, then we can expect to see a breakout in these stock markets in the near future.

Expect world stock markets to trade positive as long as no negative news comes about the US-China trade deal. Day traders should follow the technical indicators and short term trends in their local stock markets, and trade cautiously because markets can turn choppy at any moment.

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