World Stock Markets Today: Week Starts With Mostly Negative Numbers

30 November 2020 (8:23 am IST)

29 November 2020 (9:53 pm EST)

World stock markets have started this week with mostly negative numbers.

US stock futures are down in the early Asia session, and their trend is affecting other markets too.

Of major Asian stock markets; Hong Kong, Australia, and South Korea are already negative. Japan and China are positive but with thin margins. SGX Nifty is 74 points down. However, Indian stock markets are closed to day so Indian stocks will escape today’s downtrend.

How To Day Trade:

  1. We always advise our readers to check monthly, weekly, and daily charts at the starts of a new session.
  2. Today, weekly and daily charts are showing negative candlestick so we can assume that the daily and weekly trend will be down.
  3. Day traders should seek short selling opportunities whenever the price turns down after a small recovery or reaches a known resistance level.
  4. Once a trade has been opened, day traders can let it run with the downward trendline and exit only when the price breaks this trendline on 5 or 15 minute charts.

World stock markets are following the downtrend in US stock futures. We expect this downtrend to continue through the session.

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Indian Stock Markets Today: Rangebound, Volatile Trend

27 November 2020 (7:58 am IST)

Indian stock markets had a volatile trend yesterday, where markets first dropped, then found support at lower levels and rose to close positive.

Nifty once again touched the mark of 13,000 but failed to stay above that and closed below this mark. However, the index covered half of its previous losses and today, SGX Nifty is indicating that Nifty may try to recover remaining losses from Wednesday.

How To Trade Nifty:

  1. Like we wrote yesterday, Nifty is now trading rangebound.
  2. Today, its trading range could be between 12,900- 13,000 or 12,900- 12,800.
  3. Day traders should watch these levels and how Nifty trades between these levels.
  4. If Nifty trades higher than the previous high, then we can expect it to rise towards 13,000 mark.
  5. However, if Nifty turns negative then it will be range bound within the previous day’s high and low mark.
  6. If the index falls below the previous low mark, then it may decline further and retest the 12,790 support.

Indian stock markets are expected to open flat and trade range bound. Global cues are weak, which may also affect the trend on Indian stocks.

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World Stock Markets Today: Weak, Mixed, Volatile Trend

27 November 2020 (7:41 am IST)

26 November 2020 (9:11 pm EST)

World stock markets are showing a mixed trend, which looks weak and highly volatile.

US stock markets were closed on Thursday and will trade on Friday for a shorter session. Right now, US stock futures are trading negative, showing that this shorter session may see profit booking and stay negative. Dow Jones futures are 100 points down at this hour.

In Asia, major Asian stock markets are trading with mixed numbers. Markets that are trading negative have bigger margin of losses, while positive markets are showing thin margins. SGX Nifty is flat and range bound, indicating a similar start for Indian stock markets.

How To Day Trade:

  1. World stock markets are trading in a mixed way in today’s session.
  2. However, the bias is negative and day traders should consider this before opening any trade.
  3. Even if their local index trades positive, our advice would be to wait for a short sell opportunity.
  4. US stock futures are negative and any change in their trend will trigger more volatility in world stock markets.
  5. Therefore, day traders must keep strict stop loss in all their open positions as a safe money management measure.
  6. Watch how your local markets trade, wait for the price to turn low from resistance or higher levels and short sell at that point.
  7. After that, follow the trendline and exit when the price breaks it.

World stock markets are trading mixed with a stronger negative bias. This is the last session of this week, so traders will be looking for profit booking instead of leaving open positions over the weekend.

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Indian Stock Markets Today: Weak, Volatile Trend

26 November 2020 (8:00 am IST)

Yesterday, we had written that Nifty will correct / decline after a higher opening. Not only Nifty fell, it fell strongly and lost 200 points. On charts, from day’s high to day’s low levels, Nifty fell 300 points, which is a very big fall.

Today, Indian stock markets will have their monthly Futures & Options expiration, which may see another low trend, or stay range bound within yesterday’s levels.

How To Trade Nifty:

  1. Today, there is not global support for Nifty and we are expecting a weak trend in this index.
  2. Nifty’s first support zone will be between 12,850- 12,800.
  3. Its first resistance zone will be between 12,850- 12,900.
  4. This means, yesterday closing and low levels will play an important role in Nifty’s trend today.
  5. If Nifty falls below yesterday’s low mark, we expect it to fall further.
  6. If the previous low point keeps providing support, Nifty will stay rangebound.
  7. Day traders should keep watching in the opening hour how Nifty is trading, and prepare their trading strategy accordingly; for rangebound or downtrend.

SGX Nifty is about 60 points high at the time of writing. So we expect Indian stock markets to open positive, within yesterday’s trading range. After that, these markets will stay range bound or continue to decline.

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World Stock Markets Today: Regional, Subdued Trend

26 November 2020 (8:00 am IST)

25 November 2020 (9:30 pm EST)

US stock markets will be closed for Thanksgiving on Thursday, and trade only for the first half on Friday.

That has subdued world stock markets that are trading with mostly a negative bias.

US stock futures are trading positive but these numbers are meaningless. In Asia, major stock markets are trading mixed. SGX Nifty is 60 points higher after a 200 points drop yesterday. So, we can expect a subdued session in Indian stock markets too.

How To Day Trade:

  1. Despite positive futures, US stock markets had closed negative in their overnight session.
  2. This has worried global stocks and in today’s session, there is a weakness in world stock markets.
  3. Day traders should watch for trading opportunities near resistance levels.
  4. If the price turns down from those levels, it will be good for short selling.
  5. We will not advise for long positions in this session because of an inherent weakness in the global trend.

World stock markets are trading with mixed numbers at this hour. We won’t be surprised if the trend turn negative in the later hours.

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Indian Stock Markets Today: High Opening on Global Cues

25 November 2020 (8:09 am IST)

We were hoping Nifty to reach the mark of 13,000 on or before Diwali. But markets sharks surprised everybody by taking Nifty to that level just two day’s before the monthly F&O expiry. Yesterday, Nifty closed at 13,055, shattering many call sellers’ stop loss levels.

Today, SGX Nifty is 70 points higher and Nifty could retest yesterday’s high mark at the opening itself. Tomorrow these markets will have monthly Futures & Options expiry so Nifty’s new high levels could be tested today or tomorrow.

How To Trade Nifty:

  1. Nifty had traded almost range bound the whole day yesterday after a gap up opening.
  2. Its trendline had been intact through the session, indicating support.
  3. Today, day traders should again follow the trendline and watch if Nifty corrects or declines after a high opening.
  4. Watch Moving Average support levels (9-days, 20 days) on hourly or 30-minutes chart.
  5. Based on their strength, trade in small time frames (5-minutes, 15 minutes).
  6. If the MA supports are broken, it could be a declining trend.
  7. If those support hold like yesterday, we’ll see a rangebound trend within this week’s high and low levels.

Indian stock markets are expected to open with positive numbers on global cues. After that, their trend will stay rangebound or see a correction. Tomorrow, it will be the monthly F&O expiry so market manipulators and speculators will dominate intraday trend. Markets could also turn highly volatile.

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World Stock Markets Today: A Breakout, New Positive Wave Starting

25 November 2020 (8:09 am IST)

24 November 2020 (9:39 pm EST)

This week, almost all major stock markets have staged a breakout from their previous ranges and started a new positive wave.

US stock markets have been range bound after a breakout last week, but in their overnight session, Dow Jones pushed up some more and closed at historic high level. Today, US stock futures are rallying and showing that one jump more and US stock markets will start another positive wave at another high level. Dow Jones earlier had a major  resistance at 28,000. Now it has a major support at 29,000 and rising from there after some gap up openings.

At the time of writing, US and European stock futures are rallying. All major Asian stock markets are trading high too. Japan’s Nikkei has added another 2% gains after jumping more than 2% in the previous session. SGX Nifty is 70 points higher, showing that Indian stock markets will also open above the previous high level.

How To Day Trade:

  1. We are in the midst of a strong uptrend in world stock markets.
  2. Form time to time, these markets turn range bound to catch a breather.
  3. After that, a new positive wave starts.
  4. Day traders should follow the trend line and trade with the rising trend.
  5. When markets turn range bound, it’s better to conserve your trading capital and take advantage of rising trend later.
  6. Today, it is a rising trend and day traders can take long positions in intraday trend.
  7. They can also carry forward these positions for the next month, for which we are expecting a Santa rally as usually happens in world stock markets.
  8. Buy on dips and carry your trades as long as the trend line is unbroken- that is the best trading strategy for today.

World stock markets have returned to a rally phase after a few range bound sessions. US stock markets will have a longer weekend for Thanksgiving so we expect world stock markets to turn range bound again, in the absence of their driving force.

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Indian Stock Markets Today: Rangebound, Choppy Trend Continues

24 November 2020 (8:45 am IST)

Indian stock markets will have their monthly Futures & Options expiry this week. That is keeping these markets range bound and choppy.

That is why SGX Nifty did not rally with US stock markets and is subdued even though US stock futures are rallying.

We saw this trend in these markets yesterday also, where Indian stocks dropped after a high open. Today, SGX Nifty is slightly positive, so we can Indian stock markets to open positive. But after that, the trend will stay rangebound within the last 4-5 days’ high and low marks.

How To Trade Nifty:

  1. Nifty will stay range bound and trading this index will involve horizontal support and resistance levels.
  2. As instructed previously, draw  these line from the last week’s high and low markets and look for trading opportunities within that range.
  3. From support levels, Nifty is expected to rise and from resistance levels, this index is expected to fall.
  4. Profits could be smaller if Nifty stays rangebound. However, if the index takes a trend (probably down trend) then day traders can expect bigger profits.

We expect Indian stock markets to open with slightly positive numbers. But the trend has been weak since the last week. Today also, the weakness in the trend will continue with high levels of volatility.

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World Stock Markets Today: Mixed, Regional Trend

24 November 2020 (8:33 am IST)

23 November 2020 (10:02 pm EST)

World stock markets are showing a mixed, regional trend today.

US stock markets had rallied  in their overnight session and US stock futures are again trading with  high gains in the Asia session. US stock markets will have Thanksgiving holiday on Thursday and trade for half a day on Friday. Now that the political worries are over for these markets, we can expect an early Santa rally for US stocks.

However, Asia is showing mixed numbers in this session. Nikkei (Japan) is 2.62% high but the Shanghai index is negative. Other Asian stock markets are positive. SGX Nifty is flat, in spite of a rally in US stock futures, showing resistance for this futures index of India’s Nifty. IT shows that Indian stock markets will continue their range bound trend.

How To Day Trade:

  1. We can spot all three types of trends in world stock markets today; up, down, and range bound.
  2. Day traders will have to follow their local trend and trade accordingly.
  3. Use the trendline and Moving Averages as trend indicators in markets that have a clear directional trend (up or down).
  4. Use horizontal support and resistance line for range bound markets. (You will be surprised to see how strictly markets follow these lines).
  5. In directional trend, you can take 1 or 2 positions (in as many lots as you wish) and let your profits run.
  6. In range bound markets, it is better to trade only once or twice (again, is as many lots as your trading capital allows) and exit these markets after profit booking.
  7. Range bound markets tend to be highly volatile and can easily lure day traders into overtrading and losses.

World stock markets are showing a mixed trend at this hour. US stock markets are continuing with their strong uptrend, but other markets are slowly turning range bound.

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Indian Stock Markets Today: Rangebound, Volatile Trend

23 November 2020 (8:23 am IST)

Indian stock markets have been trading in a similar weekly range since the last two weeks.

This week also, SGX Nifty is showing a positive opening for Nifty, but the trend could stay within the same weekly range.

Rangebound markets are notorious for their volatile nature, so we can see sudden up or downs in these markets too.

How To Trade Nifty:

  1. On daily charts, Nifty is showing a strict range and the index has been roaming between support and resistance levels of this range.
  2. On weekly chart, Nifty seems to have made a tiny start candlestick for the last week.
  3. This weekly  candlestick is so small that Nifty will either break out of its range or fall down, towards lower levels.
  4. In short, Nifty is open to all possible trends in this first session of the new week. According to the daily chart, Nifty could trade in a range.
  5. According to the weekly chart, Nifty could rise further or fall down.
  6. Day traders will have to keep these points in mind while day trading.
  7. In all three trading scenarios, previous support and resistance levels will be important.
  8. Day traders should draw a horizontal line from the previous week’s low levels. Draw a similar line from the previous week’s high level.
  9. This will provide you the immediate trading range of Nifty and the index will trade within this level.
  10. If the range remains intact, the trend will be range bound. If any level if broken, the trend will follow in that direction.

We expect Indian stock markets to open with positive numbers but trade range bound. Markets will remain highly volatile like the previous week.

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