Indian Stock Markets Today: Negative Open, Rangebound Trend

15 January 2021 (8:15 am IST)

SGX Nifty is down by 40 points, indicating that Indian stock markets could open lower by the same numbers.

That will keep these markets rangebound like the last 2-3 session. A particular trading pattern has been seen in these markets, which we have discussed before too. These markets correct intraday and then recover their losses. The overall weekly and monthly trend has been strongly positive in these markets so buying after a bounce from major support levels has been a good trading strategy for Indian stocks.

How To Trade Nifty:

  1. This index has been trading up and down but closing mostly positive this week.
  2. If Nifty opens lower today, look for a buying opportunity near major support levels.
  3. Don’t just buy because Nifty reaches any such level.
  4. Confirm that the index is giving trend reversal signals, then open a long trade.
  5. This week’s high and low levels will make major resistance and support levels.
  6. Trade between those levels, following the minor trendline.

Indian stock markets are expected to open low and trade rangebound. The major trend in these markets is positive.

On hourly charts, Nifty is making a clear rangebound structure. Day traders can follow the support and resistance levels of that structure and trade between those levels.

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World Stock Markets Today: Mostly Negative Intraday Trend

15 January 2021 (7:48 am IST)

14 January 2021 (9:18 pm EST)

Last session of this week, and world stock markets are trading mostly negative before the close for the weekend.

US stock markets closed marginally negative in their overnight session. US stock futures are trading negative, continuing the trend in US stocks. European stock futures are also down.

In Asia, major stock markets are trading mixed, mostly negative. SGX Nifty is 40 points down, showing signs of a lower opening for Indian stock markets.

How To Day Trade:

  1. World stock markets are mostly down in the early trading hours of this session.
  2. The overall trend is rangebound that’s why we are witnessing positive and negative trends on alternate days.
  3. Day traders should use trading strategies for rangebound trend.
  4. This trend is best tackled by trading between horizontal support and resistance levels.
  5. Draw these levels by using high and low points of weekly candlestick.
  6. Use daily candlesticks for a finer representation of these levels.
  7. Wait until markets touch any of these levels and reverse.
  8. That will be the right point for opening an intraday trade.
  9. Follow the minor trendline and exit trades once the trendline is broken.

World stock markets are showing a rangebound and weak trend. Most of the major indexes are trading negative. Markets are expected to trade within the weekly range and stay volatile.

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Indian Stock Markets Today: Volatile, Rangebound Trend

14 January 2021 (8:17 am IST)

Indian stock markets have also turned rangebound in their weekly trading range. Yesterday, after opening high, these markets turned down and closed flat after a volatile session.

Today, SGX Nifty is showing minor gains and trading near the previous close. Indian stock markets could trade in the same manner, following the global cues.

How To Trade Nifty:

  1. Nifty trade in a high volatile manner, going high and low but closing near the previous close.
  2. The index may stay rangebound in today’s session too.
  3. This session will see the weekly Options expiry in Nifty and Bank Nifty. That may increase the market volatility.
  4. Day traders should wait for Nifty to settle in a range.
  5. Once the upper resistance and lower support levels are clear, trade within those levels by following the minor trend.

Indian stock markets are expected to open flat or with small gains. The intraday trend may stay rangebound within the previous day’s high and low points.

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World Stock Markets Today: Mixed, Rangebound Trend

14 January 2021 (7:58 am IST)

13 January 2021 (9:27 pm EST)

US stock markets traded in a very small range in their overnight session and had a mixed closing.

World stock markets are reflecting that trend and trading mixed in Asia, where major stock indexes are positive or negative. SGX Nifty is 24 points positive, showing a positive opening for Indian stock markets.

US and European stock futures are mildly positive.

How To Day Trade:

  1. Like yesterday, world stock markets are trading on regional cues and trading in a mixed trend.
  2. Day traders should base their trades on how their local markets trend.
  3. The trading range may  stay narrow.
  4. Markets will be volatile which is a usual feature of rangebound markets.
  5. For day trading, draw horizontal support and resistance levels form this week’s high and low levels and trade between those levels with the minor trend.

World stock markets have turned rangebound and trading within narrow trading ranges. For day trading, such market conditions are not much profitable. They should cut down on their trading and wait to open trades only near support or resistance levels.

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Indian Stock Markets Today: Positive Opening, Volatile Trend

13 January 2021 (8:13 am IST)

Indian stock markets are in a strong uptrend for many months now. Currently, these markets are in their pre-Budget rally. In between, these markets witness big intraday corrections and then recover the losses to continue their rally.

Nifty also has been showing a specific pattern in this rally. The index will come very close to breaking a resistance level, then stop. Next day, the index will break that resistance with a gap up opening. For example, yesterday Nifty came close to breaking the 14,600 level, but closed below it. Today, SGX Nifty is trading 40-50 points higher, indicating that Nifty will also open higher and open at or slightly above than the 14,600 mark.

Going by the steady climb in Nifty after breaking the 14,000 level, we can expect this index to reach 15,000 mark before the Union Budget on 1st February.

How To Trade Nifty:

  1. It is always the best trading strategy to wait after the opening bell until Nifty has created a trading set up.
  2. This waiting period can save you from wrong trades and overtrading.
  3. A trading set up is created by many candlesticks and shows “double bottom”, “double top”, “higher low” or “lower high” type of formations that indicate which way the trend is going.
  4. Once day traders can clearly identify a trend, it becomes easy to follow it and open profitable trades instead of just guessing which way the trend will go.
  5. In the last two sessions, Nifty has traded almost rangebound.
  6. Today, if Nifty open above the previous high or nearby, day traders should wait for it to clearly indicate that Nifty will continue to trade up.
  7. If that signal is generated on charts, take long positions, keep a strict stop loss, then let your trade run with the trend as long as the price follow the trendline.

SGX Nifty is indicating a positive opening in Indian stock markets. After that, these markets may continue to trade high or turn rangebound within the previous session’s range.

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World Stock Markets Today: Mixed, Regional Trend

13 January 2021 (7:53 am IST)

12 January 2021 (9:23 pm EST)

World stock markets are showing a mixed, regional trend at this hour, based on local cues.

US stock markets had a tiny positive closing. US stock futures are still trading with minor gains.

But in Asia, major stock markets are trading in a mixed manner. SGX Nifty is 50 points up, indicating that Indian stock markets will have a positive opening.

How To Day Trade:

  1. World stock markets are trading mixed this week on local cues.
  2. It is a selective trend where even major indexes are trading based on the markets conditions for their component companies.
  3. For example, In US stock markets, when Nasdaq fell, Dow Jones kept sort of aloof and refused to fall with as big numbers as Nasdaq did.
  4. In the overnight session, although big tech stocks like Twitter and Amazon took another beating to close negative, other components of the tech index Nasdaq stayed positive.
  5. Therefore, day traders should focus on the index/ stock they are trading and follow the trend in that entity.
  6. If the trend is rangebound, follow horizontal support and resistance levels.
  7. If the trend is up or down (directional), follow it with the help of a trendline.
  8. Check monthly, weekly, and daily candlestick charts, which will show you the dominating trend.
  9. Follow that trend in smaller timeframes for intraday trading. Keep stop loss in all open trades.

World stock markets are trading in a mixed trend. Asian stock markets are mostly negative. US stock markets had closed slightly positive in their overnight session. US stock futures are also positive with thin margins. Indian stock markets are expected to open and trade positive.

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Indian Stock Markets Today: Rangebound, Volatile Trend

12 January 2021 (8:14 am IST)

Yesterday, Indian stock markets had continued their uptrend but the trading range was very small after a gap up opening.

Today, SGX Nifty is slightly lower, indicating a flat or positive opening in Indian stock markets. Like yesterday, the trading range may stay small and markets may trade within the previous range.

How To Trade Nifty: 

  1.  Nifty has broken out of its previous range so this index is expected to continue with the current uptrend.
  2. For day trading, buying on dips is still a better trading strategy.
  3. Day traders should wait after the opening bell to see how Nifty trades and what intraday high and low levels it makes.
  4. The day’s trend could stay between those levels.
  5. Day traders can trade with the minor trend within those levels that will indicate intraday support and resistance levels.

Indian stock markets are expected to open near the previous closing levels and trade rangebound with the global cues. If major indexes cross above the previous high mark, then the trend will be up. If major indexes start trading below the previous low mark then we may see a minor dip in these markets.

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World Stock Markets Today: Positive with Small Margins, Subdued Trend

12 January 2021 (8:01 am IST)

11 January 2021 (9:31 pm EST)

As expected, tech stocks saw selling in the overnight session of US stock markets and the tech index Nasdaq closed with considerable losses. Other major US indexes ended negative but with small margins.

Today in Asia session, almost all major Asian stock markets are positive, but their gains are limited. SGX Nifty is 13 points down, indicating a flat of slightly negative opening in Indian stock markets.

US and European stock futures are trading positive, but their margins are quite narrow.

How To Day Trade:

  1. The overall trend is subdued and rangebound in world stock markets.
  2. Major indexes are trading positive but the range is narrow.
  3. Day traders should adopt trading strategies that suit a rangebound trend.
  4. Watch for a bounce in price from support levels and a reversal from resistance levels.
  5. Trade with the minor trend within these levels.

World stock markets are trading with thin positive numbers at the time of writing. The negative closing in US stock markets is weighing heavily on global stocks. Markets are expected to stay volatile and trade in narrow ranges.

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Indian Stock Markets Today: Pre Budget Rally Has Started?

11 January 2021 (8:49 am IST)

Last Friday, we wrote that Nifty was starting a minor downtrend because it had fallen in the previous two sessions after high opening. Guess Nifty didn’t like that and jumped up in the second half of the session to rally 200 points.

Today, SGX Nifty is again 100 points up, showing that Nifty will also open higher, perhaps near 14,450 mark. With that breakout, Nifty and broader Indian stock markets have resumed their uptrend. Indian stock markets traditionally rally before the Union Budget ( to be presented on 1st Feb). Maybe Nifty has started that rally now.

How To Trade Nifty:

  1. As we repeat on days of gap up openings, day traders should give time to Nifty to settle down after today’s higher opening, as indicated by SGX Nifty.
  2. Wait for Nifty to create a trading setup, such as “lower high” (negative) or “higher low” (positive) pattern.
  3. Usually Nifty takes 45 minutes to create such patterns after the opening bell.
  4. Wait until that time and then, follow the trading setup and signals for intraday trading.

Indian stock markets had staged a positive breakout on the last Friday. Today, SGX Nifty is hinting at a higher opening in Indian stocks. Nifty could open 100 points up. After that, the uptrend may continue or these markets may trade range bound between the previous closing and today’s opening mark.

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World Stock Markets Today: Mixed, Regional Trend

11 January 2021 (8:06 am IST)

10 January 2021 (9:35 pm EST)

World stock markets have opened for a new week, and the trend is a mixed one, influenced by regional factors.

US and European stock futures are negative after Twitter and Facebook permanently suspended President Trump’s social media accounts.

In retaliation, 75 million Trump supporters are deleting their own accounts on these platforms, boycotting their services, and planning to dump their stocks. There are rumors that Amazon will cancel hosting “Parler“, the twitter -like site started by Trump supporters. Those supporters have already started canceling their Amazon accounts and Amazon Prime services.

Twitter’s stock was down by 1.6% on Friday and in after hours trading, the stock further declined by more than 2%. It lost more than 4% in that day’s session. It will be interesting to see how the tech index Nasdaq and big tech stocks trade on Monday.

In Asia, major stock markets are ignoring these local cues from US stock futures and trading positive. SGX Nifty is also trading positive, with gains of 82 points. This futures index of India’s Nifty 50 was 114 points up on Friday night, indicating that Indian stock markets will continue their new wave of positive trend after a breakout on Friday.

How To Day Trade:

  1. World stock markets are showing a mixed trend, so day traders should follow the trend in their local stock markets.
  2. If your markets are trading positive, such as in Asia, then it will be a better trading strategy to buy on dip.
  3. For negative trending markets, selling at high will be a good trading strategy.
  4. Global stock markets will continue to trade with high volatility.
  5. Day traders must pay attention to money management tactics along with trading techniques.
  6. For successful day trading, continue to consult the monthly, weekly and daily trends for intraday trading.

World stock markets have started the week with mixed numbers, This indicates more volatile and regional trend in global stocks.

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