Indian Stock Markets Today: Downtrend Deepens on Global Cues

18 February 2020 (8:53 am IST)

Indian stock markets were already in a downtrend and now, negative global cues will deepen their losses.

Nifty is expected to open near or  below 12,000 mark. It can create opening volatility in the index and broader markets so day traders must not jump into the trading ring as soon as the opening bell rings.

Here are intraday range levels for day trading, available on our Pivot Trading page.  These levels are: 

Indian stock markets could turn highly volatile in the early hours as these markets have had two consecutive highly negative session and today’s gap down opening will take Nifty into the oversold region. Technically, the index may try to recover somewhat so that the RSI is adjusted for the next round of selling.

Watch markets and trade cautiously.

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World Stock Markets Today: Negative Session as Coronavirus Affects Apple

18 February 2020 (8:53 am IST)

17 February 2020 (10:22 pm EST)

World stock markets have tumbled with big numbers as Apple issues revenue guidance warning on iPhone production delays in China due to coronavirus.

At the time of writing,US and European stock futures are highly negative. All major Asian stock markets are trading with considerable losses. SGX Nifty is down by 60 points, showing a gap down opening for Indian stock markets.

Such negative sessions are good for short selling but only when markets bounce a little from support levels. So, watch those levels in your local index and follow the intraday downtrend.

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Indian Stock Markets Today: Telecom, Bank Shares In Focus

17 February 2020 (8:33 am IST)

Indian stock markets kind of fainted on Friday last when the Supreme Court imposed huge fines on telecom companies.


It was a wild swing in markets where shares of Vodafone, Airtel dropped wildly along with shares of banks that are their lenders.

Today, those shares will be in focus again and Indian stock markets could see another session of huge swings. Day traders must remain very cautious and trade in single lots with strict stop loss in place.

Get intraday range levels of major indexes from our Pivot Trading page.  These levels are: 

SGX Nifty is trading flat, waiting for Nifty to open and take its own trend. Pre-open markets numbers will give a clue of how these markets will open.

The best trading strategy will be to sell at bounce. Resistance levels will help you identify where the selling opportunity will come.



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World Stock Markets Today: Mixed Trend on Local Cues

17 February 2020 (8:33 am IST)

16 February 2020 (10:02 pm EST)

Here is wishing all traders (and investors) TGIM (Thank God It’s Monday!)

As if two days’  weekend was not enough, US stock markets will continue their holidays on Monday also, for President’s Day.

That means world stock markets will rely more on local cues for intraday trend. US stock futures are open for trade, and it is possible that their trend will impact the trend in global stocks too.

Major Asia stock markets are trading with mixed numbers. China and Hong Kong markets are trading up with big margins because China’s central bank has cut its lending rates to help the economy. Nikkei (Japan) is down on lower than expected GDP numbers. SGX Nifty is flat after the carnage on Friday last with Indian stock markets on bad news for telecom and banking sectors.

US and European stock futures are positive but with moderate numbers, which can turn down at any stage. If this happens later in the session, world stock markets will also feel its impact.

For day trading, the best trading strategy will be to cautiously follow the local trend. World stock markets are exhibiting a mixed trading pattern on local cues in this session. So, one market’s trend could be different from another. Focus on your local market and trade with the minor trend.

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Indian Stock Markets Today: Volatile, Range bound Session

14 February 2020 (8:46 am IST)

Indian stock markets had a negative start yesterday but recovered smartly in the closing hours and finished the session with only marginally lower numbers, especially Nifty.

Nifty had staged a range breakout a couple of days ago, then become range bound. Today, SGX Nifty is showing an opening gain of nearly 40 points so we can expect Nifty to open near the previous open. After that, day traders should watch if Nifty starts climbing again or turns lower to stay range bound.

We have provided intraday pivot levels of major indexes on our Pivot Trading page.  These levels are: 

Expect Indian stock markets to trade with volatility as we have seen this whole week. These markets will either continue their minor uptrend or stay sideways in the last two sessions’ trading range.

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World Stock Markets Today: Positive, Range bound Trend

14 February 2020 (8:46 am IST)

13 February 2020 (10:15 pm EST)

World stock markets are mostly trading positive in this session. US stock markets had closed negative in their overnight session, but US stock futures are trading highly positive in Asia session, confirming a range bound trend in these markets.

In Asia, almost all major stock markets are positive at the time of writing. Only Nikkei (Japan) is down. SGX Nifty is 30 points higher, indicating a positive open and sideways trend for Indian stock markets. European stock futures are also following the positive numbers of US stock futures.

Day traders can take advantage of today’s positive session by trading with their local trend. Remember, range bound markets trade between minor support and resistance levels, so keep these levels in mind when opening or closing your trades.

 

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Indian Stock Markets Today: Range bound, Volatile Session

13 February 2020 (8:43 am IST)

Indian stock markets had a highly positive session yesterday in the first half. But lost some gains in the second half.

Nifty broke out of the range and made a hammer candlestick. Today, SGX Nifty is turning down from yesterday’s closing levels and indicating a range bound trend. Nifty could also trade in the same way and stay within yesterday’s range. Or, this index could start climbing again because it had a range break out yesterday and continue with the new minor uptrend.

We have provided range levels for this session on  our Pivot Trading page.  These levels are: 

Expect Indian stock markets to trade with volatility as Nifty and Bank Nifty will have their weekly Options expiry today. These markets will either trade in the previous range or continue with yesterday’s higher trend.

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World Stock Markets Today: Mixed, Choppy Intraday Trend

13 February 2020 (8:43 am IST)

12 February 2020 (10:12 pm EST)

US stock markets had a highly positive overnight session, but in Asia session today, US stock futures are trading down with negative numbers.

European stock futures are following that negative trend in US futures. SGX Nifty is also down by a slight margin.

Major Asian stock markets are trading mixed. China markets are down on new coronavirus cases. Hong Kong markets are also negative. Other Asian stock markets are positive, but with thin margins.

This trading pattern in global markets shows a subdued trend and choppiness. Day traders should carefully watch their markets and trade with the intraday trend.

Expect world stock markets to trade in a mixed trend and remain highly volatile. US stock futures may dominate this session in global stocks.

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Indian Stock Markets Today: Range bound, Choppy Trend

12 February 2020 (8:43 am IST)

SGX Nifty is trading 35 points up; however, this futures index of Nifty is still within the previous day’s range.

This pattern indicates that Nifty and broader Indian stock markets will also open higher, but maybe stay range bound within the last session or week’s trading range.

The intraday range levels of major stock indexes are given on  our Pivot Trading page.  These levels are: 

Expect Indian stock markets to open positive but trade sideways. We’ll wait till a clear, minor up or down trend again start in these markets and then discuss those trends.

For day trading, if markets trade in a small range, then it will be better not to trade much and keep your trading capital safe for those session where markets will trade in a bigger range and take a trend.

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World Stock Markets Today: Mixed Trend, Volatile Trading Pattern

12 February 2020 (8:43 am IST)

11 February 2020 (10:12 pm EST)

US stock markets had a mixed closing in their overnight session, where Dow Jones closed negative. The index had opened positive with considerable gains but declined through the session and turned negative.

World stock markets are following that mixed trend and showing different trading patterns. In Asia, some of the major Asian stock markets are down while other are trading with gains. SGX Nifty is 35 points higher, indicating a gap up opening for Indian stock markets.

US and European stock futures are trading positive, but with mild gains and these futures face the risk of turning negative later in the global session.

Day traders should watch and follow the trend in their local stock markets, which could be range bound and choppy.

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