Indian Stock Markets Today: Negative on Local, Global Cues

12 August 2020 (8:57 am IST)

SGX Nifty is down by more than 100 points at this hour on local cues in India and negative global cues.

In India, there have been overnight riots in the IT city Bangaluru; Saudi oil giant Aramco has said that its deal with Reliance will take time and then there are negative global cues. All these or any of these factors are pushing SGX Nifty down.

However, Nifty is only 33 points down in the pre-open trade so we can assume that Indian stock markets will remain range bound in their session. Nifty may or may not fall 100 points in the opening hour.

Day trades must wait and watch how Nifty trades in the opening hour. They must not assume that Nifty will fall just because SGX Nifty is down. Indian stock markets are highly manipulated and have been on an uptrend recently despite a pile of negative news.

Indian stock markets are expected to open slightly negative and trade with high volatility in the opening hour of trading. The trend will either stay range bound or a short correction will take place on local and global cues.

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World Stock Markets Today: Negative Trend After US Markets Fall

12 August 2020 (8:57 am IST)

11 August 2020 (11:27 pm EDT)

US stock markets were trading highly positive in their early hours of overnight trading. But then these markets fell from those high levels and closed negative. It was a big fall from day’s high to day’s low points. Dow Jones fell 530 points from high to low of the session.

This fall was triggered by a political news; that the Democrat presidential candidate Joe Biden has chosen Sen. Kamala Harris to be his VP nominee. Ms. Harris is known to be anti- Wall Street and big businesses. So, US stock markets have entered the presidential-election-volatility phase and it will continue until these elections are over in November.

In Asia, most of the major markets are trading in the red following the negative trend in US stock markets. SGX Nifty is more than 100 points down, showing a gap down opening in Indian stock markets.

This is a down trending day in world stock markets and any directional trend is good for day trading. So, day traders should watch resistance levels of their local index and open trades when the price declines from that level. These trades can continue as long as the trend line is not broken.

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Indian Stock Markets Today: High Open, Range Bound Trend

11 August 2020 (8:49 am IST)

Indian stock markets are expected to open higher today, as shown by SGX Nifty. But the trend could remain range bound as we saw yesterday too.

Nifty, as we have been writing, is consolidating below 11,375 and has been unable to sustain above 11,300. The index needs a breakout from its current range to rise further.

Right now, Nifty is trading in a strict range. Yesterday, despite a higher open, the index could not sustain day’s high point and closed lower,. However, it did not break its trend line in 15-minutes charts and that gives hopes to bulls.

Day traders should continue to wait and watch Nifty’s trading pattern because this will determine the direction in Indian stock markets. Overall, the trend in these markets is up but for the time being, a consolidation is taking place.

Day traders need to keep patience and wait for the range breakout because a consolidation phase- or sideways trend, can eat into their trading capital.

Nifty and Indian stock markets will open with a gap up today. After that, the trend will either continue to rise or turn range bound.

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World Stock Markets Today: Positive Intraday Trend

11 August 2020 (8:49 am IST)

10 August 2020 (11:19 pm EDT)

US stock markets rallied in their overnight session and US stock futures are still rallying high in the Asia session.

That has boosted confidence in world stock markets and global stock are trading positive.

At the time of writing, all major Asia markets are rallying. SGX Nifty is 76 points higher, indicating a gap up opening for Indian stock markets soon.

US and European stock futures are trading high, supporting global stock markets.

World stock markets seem to be enjoying a positive session today. For day trading, such trending sessions are good opportunity for making profits. Day traders should watch for a dip and then start trading when the dip turns into a bounce after hitting any support level or the trend line.

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Indian Stock Markets Today: Positive Open, Range bound Trend

10 August 2020 (8:39 am IST)

As we have been writing, Nifty has been consolidating below its major Fibonacci level of 11,375. Once Nifty crosses this level, it will become a major support level instead of resistance as it is now.

SGX Nifty is pointing to a positive opening in Indian stock markets. This will still keep Nifty range bound and we’ll have to wait for another range breakout from this index.

Right now, day traders can draw a straight line on the upper and down levels of Nifty’s current range and trade between that range.

On Friday last, Nifty’s trading range was very narrow and it traded sideways. Such days are very harmful for day traders as it can lead to over trading. That’s why day traders should not trade on such range bound days.

Today, day traders should again wait and watch if the trend is picking up in any direction (which will be good fro day trading) or stays in a narrow range (stop trading).

Indian stock markets are expected to open positive, but after that, the trend will depend on Nifty and whether this index shows directional trend or trades sideways.

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World Stock Markets Today: Mixed, Volatile Trend

10 August 2020 (8:39 am IST)

9 August 2020 (11:08 pm EDT)

Another week has stared with mixed numbers in world stock markets. A mixed trend is always accompanied by volatility as markets trade in different directions.

Although, US and European stock futures are positive, major Asian stock markets are showing a mixed trend. Earlier in the Asia session, these markets were mostly negative but now, a couple of indexes have improved their numbers.

SGX Nifty is almost 40 points higher, indicating that Indian stock markets could also open with positive numbers.

For day trading, such volatile markets conditions are both good and not so good. Good, because it provides day trades some quick price movement and chance to make profits. Not so good because day traders have to be on their toes and cut their open position as soon as any trend change signal appears.

So, watch your local index and trade with the trend line. World stock markets are trading with a mixed trend in early hour. If US stock futures continue to climb higher then we can also expect the global trend to turn positive.

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Indian Stock Markets Today: Range bound, Risk of Negative Trend

7 August 2020 (8:26 am IST)

As we wrote previously, Indian stock markets have become range bound after a minor correction. Especially Nifty has created a clear range where the index keeps trading up and down near the Fibonacci resistance of 11,548.

Today, the global trend is negative. SGX Nifty is down by 30 points and creating a negative pattern of”double top”. Although, nowadays Nifty does not follow SGX Nifty strictly, still day traders should cautiously watch Nifty’s trend and trade with it.

Nifty will essentially trade range bound within the last week’s trading range. This index and broader markets may continue to be volatile as we have been witnessing since the last few sessions.

Indian stock markets are expected to open flat or slightly negative. After that, the trend will depend on how Nifty trades. Yesterday, RBI did not cut its lending rates as markets were expecting. The impact of that disappointment could keep markets subdued today.

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World Stock Markets Today: Negative Intraday Trend

7 August 2020 (8:26 am IST)

6 August 2020 (10:55 pm EDT)

Although US stock markets had a positive overnight closing, world stock markets are trading negative in Asia session with negative US stock futures.

At the time of writing, all major Asian stock markets are trading in the red.

US and European stock futures are negative.

SGX Nifty, futures index on India’s Nifty, is also 34 points down at this hour.

This is a clear global negative trend.

Any kind of trend; up or down, is a good opportunity for traders to book some healthy profits. Day traders should take advantage of today’s trend and trade with the trend line as long as it goes in one direction. They should exit their trades once the trend line is broken and the price turns away from it.

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Indian Stock Markets Today: Volatile, Range bound Trend

6 August 2020 (8:48 am IST)

Indian stock markets had a very volatile session yesterday. Today, The RBI’s policy meeting could again make these markets choppy and range bound within yesterday’s range.

SGX Nifty is slow paced and roaming between slight loss and gains. This indicates that Indian stock markets may also remain slow paced before the RBI policy and.

As we have been writing, Nifty had a correction, then became range bound. Yesterday also, this index stayed within the previous range levels. Today also Nifty is expected to remain within its broader range. Nifty’s closing levels will indicate if this index stays in the upper level of the range or fall again to trade in the lower levels its current range levels.

Day traders are advised to stay away from the trading half an hour before and an our after the policy because at that time, market manipulators get active and slam small traders whichever way they trade.

Indian stock markets are expected to open flat and trade with volatility on the RBI policy.

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World Stock Markets Today: Mostly Negative Trend

6 August 2020 (8:48 am IST)

5 August 2020 (11:18 pm EDT)

US stock markets had closed highly positive in their overnight session. However, world stock markets are mostly negative in their starting session in Asia because US and European stock futures are looking weak.

In Asia, bigger markets are trading negative. SGX Nifty is also marginally negatiove, indicating weakness for Indian stock markets.

European stock futures are negative and US stock futures are struggling to stay above the red line. Nasdaq futures have turned negative.

Day traders should be careful today as it seems that the global trend is tilting towards negative at this hour. They should follow the trend in their local markets, but thinks twise before taking any long position.

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