Indian Stock Markets Today: Nifty Near Major Support, Trend Still Weak

13 April, 2021 (8:22 am IST)

Indian stock markets had a big crash yesterday.

Today, SGX Nifty is around 50 points higher, but still showing weakness in the trend.

The trend in Indian stock markets will depend on how Nifty 50 trades. This major index is right at its range support level of 14,260 and its trading behavior near this support will decide how broader markets will trade.

How To Trade Nifty Today:

  1. Nifty had been trading rangebound since the last nine weeks.
  2. Yesterday, this index fell by more than 500 points and its RSI became oversold on hourly charts.
  3. Today, Nifty is expected to open positive but its intraday trend will depend on how much buyers’ support Nifty gets near its previous closing.
  4. That, and the oversold RSI on hourly charts are two positive signals.
  5. However, SGX Nifty is still showing weakness so day traders should stay cautious before opening any long trades.
  6. A positive opening will make Nifty rangebound.
  7. So today, Nifty’s opening trend will be rangebound.
  8. However, if Nifty falls below the previous low point, we may see more correction in this index through the month.

Indian stock markets are expected to open with some positive numbers. After that, the intraday trend will stay rangebound or the previous decline will continue.

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World Stock Markets Today: Volatile, Different Regional Trend

13 April, 2021 (8:22 am IST)

12 April, 2021 (10:52 pm EDT)

World stock markets are trading under pressure this week. The broader trend is still range bound but today, regional markets are showing different trends on local factors.

At this hour, US stock markets are trading with thin gains, ready to tumble below the red line at any time. On the other hand, all major Asian stock markets are trading positive after yesterday’s negative trend. SGX Nifty is less than 50 points up, after yesterday’s big crash. This thin margin shows that Indian stock markets may open with small gains but the selling pressure will stay intact in those markets.

How To Day Trade Today:

  1. World stock markets follow the trend in US stock markets.
  2. Major US stock indexes had a small but negative closing in their overnight session and US stock futures are trading with weakness in the Asia session today.
  3. Day traders should stay cautious considering these volatile and uncertain trend situations and better look for short selling opportunities near resistance levels.

World stock markets are trading with a mostly positive trend in Asia, but US stock futures are in a weak position. This may change the global trend in the later half of this session and world stock markets may see more selling pressure.

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Indian Stock Markets Today: Gap Down Open, Volatile Trend

12 April, 2021 (8:40 am IST)

SGX Nifty is 240 points down at this hour, indicating that Indian stock markets, especially Nifty, will open with deep cuts.

These markets have been trading in a narrow weekly range for the past many weeks. Today’s low opening will take markets close to the support levels of that weekly range. Day traders should wait to see how markets behave after the lower opening, then follow the dominating trend.

How To Trade Nifty Today:

  1. If Nifty breaks the weekly range after a highly negative opening, it could turn out to be a strong downtrend.
  2. As technical rules say, longer the sideways trend, stronger the breakout or breakdown is.
  3. If Nifty fails to gather support at lower levels such as 14,600 or 14,300; it can go down to 14,000 or lower than that.
  4. Day traders should let Nifty settle after the initial choppiness, then trade with the lower trend.
  5. Global cues are also weak today, so Nifty may continue to trade down in this session.

Indian stock markets are expected to open with a big gap down. After that, the trend may continue to slide down since global stock markets are also negative today.

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World Stock Markets Today: Negative Trend Dominates Week’s Start

12 April, 2021 (8:14 am IST)

11 April, 2021 (10:43 pm EDT)

World stock markets are trading with highly negative numbers at the start of this new week. This indicates that we may see a negative weekly trend within the last month’s trading range, or in the case of US stock markets; within the last week’s trading range.

In US stock markets, S&P 500 and Dow Jones had a positive breakout last week, and it was expected that these two world-leading indexes will continue their uptrend this week. The tech index Nasdaq was rangebound so not much was expected from tech stocks.

However, US stock futures are trading negative at the start of the new week’s first session, giving an impression of negative opening in US stock markets 12 hours from now.

At the time of writing, all major Asian stock markets are trading in the red. SGX Nifty has lost almost 250 points at this hour, indicating a deep gap down opening for Indian stock markets. US stock futures are leading these loses with negative numbers.

How To Day Trade Today:

  1. The global trend is negative at tis hour, with considerable losses in major markets.
  2. It would be better to go with the dominating negative trend and look for short selling opportunities near resistance levels.
  3. Last few weeks have been rangebound and volatile for world stock markets, so day traders should trade cautiously and use stop loss in all open trades.
  4. Keep pushing up these stop loss points once your trade becomes profitable and keep locking profits in.

World stock markets have started their new weekly session with negative numbers. It could be that markets are trading within their rangebound loops and after last week’s better closing, this week traders are profit booking.

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Day Trade And Make Money: #2 Bestseller on Amazon! Now Free!

7 April, 2021 (9:36 am EDT)

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Indian Stock Markets Today: Volatile, Rangebound Trend

9 April, 2021 (8:30 am IST)

Yesterday, Indian stock markets had tried to breakout of their current range, but it failed and major indexes dropped back within the range in closing hours.

Today, SGX Nifty is 56 points down at the time of writing, showing that Indian stock markets, especially Nifty, will have a gap down opening and rangebound trend.

How To Trade Nifty:

  1. This index has been trading in a very strict weekly range, making it easy to trade Nifty within the support and resistance levels of this range.
  2. Buy near support and sell near resistance.
  3. After yesterday’s positive trend, Nifty could see a negative trend today.
  4. Day traders should watch if Nifty continues to decline after a negative opening.
  5. If it happens, then short trade can be opened with strict stop loss.
  6. The opening minutes are usually very choppy, so day traders should wait for 15-30 minutes to see how the trend is progressing.
  7. Once it become clears if the downtrend continues or Nifty becomes rangebound, then the corresponding intraday trading strategies can be applied in trading.

Indian stock markets are expected today to open negative. Since these markets are trading rangebound within this week’s range, the downtrend may continue until the lower support levels or below.

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World Stock Markets Today: Mixed Trend, Mostly Negative

9 April, 2021 (8:14 am IST)

8 April, 2021 (10:43 pm EDT)

Although world stock markets are showing a mixed trend, the bias is mostly negative.

US stock markets had closed positive in their overnight session, with Nasdaq gaining more than 100 points. But US stock futures are trading today near the red line, only with single digit gains. That has made world stock markets cautious.

At the time of writing, Dow Jones futures are just two points up and S&P 500 futures are 4 points up. In Asia, most of the major markets are trading negative. SGX Nifty is also down by 43 points, indicating a gap down opening in Indian stock markets.

How To Day Trade: 

  1. As we had been discussing previously, world stock markets are range bound, trading up and down in the same weekly range.
  2. Yesterday, we saw a positive opening in world stock markets.
  3. Today, it is a negative start in global markets, a typical scenario of rangebound trend.
  4. For day trading, as we had written previously, rangebound trend is good if the trading range is wide.
  5. Thankfully, this week we have seen world stock markets trade in a broader range.
  6. Day traders should watch the resistance levels of their local stock markets and short sell from those levels when the price reverses from there.
  7. Put a stop loss and exit near support levels when the price indicates a reversal.

Today, world stock markets are trading mostly negative. This is the classic example of sideways or rangebound trend with alternate up and down sessions. Day trader should take help of resistance and support levels to trade with the minor trend within those levels.

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Indian Stock Markets Today: Rangebound, Highly Volatile Trend

8 April, 2021 (8:32 am IST)

Indian stock markets have been trading in a fixed range this week and have been highly volatile.

Today, Nifty and Bank Nifty will have their weekly Options’ expiry, which could increase the choppiness in these markets.

SGX Nifty is indicating a gap up opening in Nifty and broader markets, which can trigger a more than usual volatile opening session.

How To Trade Nifty:

  1. Check out Nifty’s weekly range and follow the minor trend within that range.
  2. Nifty is close to the top of this range so the index may face resistance after a gap up opening.
  3. It would be better to wait and watch for Nifty to create an intraday resistance or support level, then open trades from that level.
  4. If Nifty Falls from resistance; sell. If the index rises from support; buy.
  5. This is a simple strategy in stock markets but in the rangebound trend, it becomes very significant.

Indian stock markets are expected to open up with a gap, then trade sideways within the weekly trading range. Markets may stay highly volatile like other sessions of this week.

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World Stock Markets Today: Small but Positive Trend

8 April, 2021 (8:32 am IST)

7 April, 2021 (11:02 pm EDT)

World stock markets are trading with small gains, but this positive trend is across the board.

At this hour, major Asian stock markets have been turning positive from earlier mixed trend. SGX Nifty is 50 points up, showing that Indian stock markets will also open with similar gains. US and European stock futures are also positive. However, these gains are limited.

As we wrote yesterday, this is a month of central bank actions so world stock markets will stay rangebound and highly volatile. The trading range is also expected to stay narrow.

How To Day Trade:

  1. Rangebound trend can be called a frustrating trend as price keeps moving up and down within a typical range.
  2. However, if this range is broad, then day traders can make money easily from the rangebound or sideways trend.
  3. Global markets are trading up after falling to their support levels of the current trading range.
  4. For intraday trading, watch for a repeat of this weekly action on daily charts.
  5. Buy when the price rises from support and sell when it falls from any important resistance level.
  6. Using stop loss is a crucial part of intraday trading strategy, so don’t for get that.

World stock markets are trading mostly positive after US stock markets had a mixed closing in their overnight session. The gains are small, which indicates that this session may stay highly volatile.

Day traders should reduce their number of trades and increase lot size when a clear trend emerges and they follow that trend. However, this strategy can be costly if they fail to recognize the trend correctly.

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Indian Stock Markets Today: Volatile on RBI Monetary Policy

7 April, 2021 (8:17 am IST)

Indian stock markets had traded in a narrow range yesterday, with high volatility as investors waited for the RBI policy, to be declared today.

SGX Nifty is flat, indicating that Indian stock markets will also have a flat opening and trade with high volatility until the policy has been declared.

How To Day Trade Nifty:

  1. As we wrote previously, Nifty is showing considerable weakness because of second wave of corona virus and lockdowns in the country.
  2. On top of that, scandals in big  global banks are putting Bank Nifty under pressure, increasing weakness in Nifty.
  3. Day traders should watch what intraday trend Nifty creates, then trade within the weekly range with that trend.
  4. Money management techniques such as using stop loss is a must in these type of rangebound trends.

Indian stock markets are expected to open flat and trade rangebound with high volatility as the Reserve Bank of India gets ready to declare its short term monetary policy later in the session. The expected time for the policy declaration is 10 am (IST).

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