Indian Stock Markets Today: Low Open, Volatile Trend

30 March 2020 (8:22 am IST)

SGX Nifty is indicating a more than 200 points’ loss at open for Nifty and broader Indian stock markets.

This will mean, these markets will trade within the last week’s range. If, after the low opening, these markets continue to decline, the trend will be rangebound.

However, if Nifty and other major indexes try to recover after the lower opening, it will create a “higher low” on technical charts and hopes of a trend reversal will rise.

Here are the intraday range levels for major indexes, also given on our Pivot Trading page.

Indian stock markets are set for a highly negative opening. After that, the trend may turn volatile on global cues.

For better day trading strategies, small traders should wait for markets to trade for some time and create an intraday trend. Follow that trend using technical indicators.

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World Stock Markets Today: Negative Start of the Week

30 March 2020 (8:22 am IST)

29 March 2020 (10:52 pm EDT)

World stock markets have started this new week with negative numbers as crude oil price slump more than 5% to $20 per barrel and coronavirus cases continue to increase in the US.

At the time of writing, all major Asian stock markets are trading negative. Nikkei (Japan) is nearly 4% down and SGX Nifty (Futures of India’s Nifty) is down nearly 250 points.

US stock futures are also negative, albeit with comparatively smaller margins. European stock futures are mixed.

US stock futures will continue to dominate the global trend. This will create high volatility in world stock markets. For day trading, the best strategy will be to follow the trend in you local stock markets and take help of technical signals and levels for trade entry and exit points.

 

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Indian Stock Markets Today: RBI’s Press Conference Will Decide Trend

27 March 2020 (8:30 am IST)

SGX Nifty is trading with good gains, indicating a gap up opening for Indian stock markets. These markets will be waiting for the press conference of Governor of the Reserve Bank of India (RBI) at 10 am IST today.

Indian stock markets are expecting a fiscal and monetary stimulus from the central bank to help businesses during the 21 day lock down to stop coronavirus from spreading.

In the last two sessions, major indexes have been climbing non-stop. Today also, that trend is expected to continue.

We have provided range levels of our Pivot Trading page, which will help you plan trade entry and exit points. These  levels are:

Indian stock markets are expected to open with high numbers on positive local and global cues. If the RBI fulfill market expectations, we can see a healthy rally in these markets.

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World Stock Markets Today: Positive Trend Dominates Stocks

27 March 2020 (8:11 am IST)

26 March 2020 (10:41 pm EDT)

World stock markets are having another positive session in Asia after US stock markets rallied for the third consecutive day. Dow Jones has gained almost 4,000 points in the last three sessions on various stimulus packages.

In Asia all major stock markets are up , expect the Australian index ASX 200.

US stock futures are repeating the trading pattern of yesterday with negative numbers. But we saw yesterday that these negative numbers had no effect on US stocks and after the opening bell, those stocks saw a huge rally.

SGX Nifty is also up by nearly 70 points, as Indian stock markets hope for fiscal relief packages.

A couple of weeks ago, when world stock markets were bleeding numbers and falling as if there would be no tomorrow; we had written that once stimulus packages start arriving (especially for US stock markets) the trend will change and markets will go up with double the  speed.

That is happening now. So, day traders should take advantage of this up trend now and trade with the trend for profitable trading.

 

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Indian Stock Markets Today: Volatile on Stimulus Hope

26 March 2020 (8:34 am IST)

Indian stock markets had a big rally yesterday on hopes of a fiscal stimulus from the government.

Today, SGX Nifty is hinting at a flat/ slightly negative opening for these markets but the global and local sentiments have improved so we can expect Indian stocks to build on the previous rally. If not, then the trend will become narrowly range bound.

Here are the intraday range levels for major indexes:

Indian stock markets are expected to follow the global trend. Locally, these markets are finding support on hopes of a fiscal stimulus later this week. The best day trading strategy for Indian stock markets will be to wait and let markets create an intraday trend; then follow that trend with the trendline.

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World Stock Markets Today: Mixed, Choppy Trend

26 March 2020 (8:13 am IST)

25 March 2020 (10:42 pm EDT)

 

US stock markets had a mixed closing in their overnight session. World stock markets are following that mixed trend in their Asia session today.

At the time of writing, major Asian stock markets are trading  mostly negative. Except for the Australian markets, that are positive, all other major Asian indexes are slowly turning negative.

US stock futures are also negative, but with smaller margins. European futures are showing bigger losses. SGX Nifty is around 60 points lower at this hour.

All these numbers indicate a mixed trading pattern in world stock markets. US stock futures could still dominate the global trend, which can increase the choppiness in world stock markets. In such situation, day traders should focus on the intraday trend in their local markets and trade cautiously.

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Indian Stock Markets Today: Waiting for the Stimulus Package

25 March 2020 (8:51 am IST)

SGX Nifty is indicating a lower opening for Nifty and broader Indian stock markets on news that the Indian government has declared a 21 day lock down to fight the spread of coronavirus.

But after the opening, these markets can turn highly volatile as a Cabinet meeting will take place at 10 am IST to prepare a stimulus package.

We can expect a highly volatile day in these markets based on what stimulus is provided and whether markets like it or not.

In the meantime, day traders can consider intraday range levels given on our Pivot Trading page.   Levels for major indexes  are: 

Indian stock markets will open negative but based on the stimulus package provided by the government, these markets may rally later in the day or fall further.

Day traders would do better to wait for markets to settle down after the stimulus news, then trade with the trend.

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World Stock Markets Today: Strongly Positive Trend

25 March 2020 (8:21 am IST)

24 March 2020 (10:50 pm EDT)

US stock markets are leading global stocks into a day of big rally from bottom levels.

US stocks themselves had a handsome rally in their overnight session, where Dow Jones jumped more than 2,000 points.

Today, all major Asian stock markets are following that intraday uptrend and are showing big gains in their own trading. Nikkei (Japan) is up by more than 1,000 points at the time of writing. Other Asian markets are also showing big gains.

US stock futures are negative at this hour, but the margin is low compared to previous falls.

SGX Nifty is the only index trading down with almost 200 points, after India declared a 21 day lock down to avoid spread of coronavirus.

US stock markets are waiting for approval of a historic, big stimulus package from the US lawmakers. When that materializes, we can expect another long-term rally in US stock markets and global stocks will follow that.

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Indian Stock Markets Today: High Open, Trend Depends on Global Cues

24 March 2020 (8:47 am IST)

SGX Nifty is 400 points up at the time of writing, indicating a similar high opening for Nifty and broader Indian stock markets. After that, the trend in these markets will depend on how global stocks, especially US stock futures trade.

Yesterday, these markets had fallen with big numbers. Today’s high opening will keep major indexes within their previous range.

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

Indian stock markets are expected to open with a gap up, but the intraday trend could remain volatile if global cues change later in the session. Day traders should trade cautiously and follow the trend, whether it goes up or down.

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World Stock Markets Today: Highly Positive on Fed’s Unlimited Stimulus!

24 March 2020 (8:06 am IST)

23 March 2020 (10:36 pm EDT)

This is the session where the trend could change for world stock markets to a highly positive one!

World stock markets are jumping with joy after the Federal Reserve declared some strong fiscal and monetary stimulus for markets which also includes unlimited (or as much as markets need) asset purchase program.

US stock futures had jumped when the news broke before the opening bell in US stock markets on Monday, but the session ended with some negative numbers. However, these numbers were small compared to the big losses US stock markets have been facing till now.

That factor, and the rally in US stock futures in Asia session has given a BIG BOOST  to world stock markets and everywhere, we can see 3-5% jump in global indexes.

Dow Jones futures are more than  700 points higher.

Nasdaq futures are 250 points up.

S&P 500 futures are almost 4% higher.

Nikkei (Japan) is 6.54% up.

-Other major Asian stock markets are also rallying with equally big margins.

-European stock futures are also more than 3% high.

SGX Nifty is 400 points higher, indicating a big gap up opening for Indian stock markets.

If nothing goes wrong and US stock futures continue to trade higher, we can expect to see a highly positive session in world stock markets today.

Day traders should take advantage of this high trend but be cautious about market volatility.

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