Indian Stock Markets Today: Range bound Near Support Levels

24 January 2020 (8:18 am IST)

After falling for three days, Indian stock markets had a positive closing yesterday. It was also the weekly Options’ expiry session for Nifty and Bank Nifty so we’ll have to wait for another positive closing to ascertain that these markets are now changing their trend from support levels.

Nifty is trading above the  20-Day Moving Average on both 15-minutes and hourly charts which is a strong positive signal. Day traders who want to short-sell this index should keep this factor in mind.

Yesterday, Nifty had shown strong support after the initial fall. That means, if you draw a trend line in the closing session of Nifty, it will indicate an uptrend now, instead of a downtrend. If Nifty falls and breaks this trend line then it will be back in the negative area, but if the index takes support from the trend line and rise, then it would be in the previous uptrend. See, day trading is so simple! Just follow the trend.

Overall, Indian stock markets and its major indexes are within a broad range and yesterdays rise from support has made them range-bound.

For range-bound markets, we have provided daily pivot levels on our  Pivot Trading page. These are: 

Expect Indian stock markets to trade with high volatility. If yesterday’s support continues then these markets will stage a trend reversal and start rising again. If not, then the previous downtrend will continue.

Posted in Indian Stock Market | Tagged , , , , , , , | Leave a comment

World Stock Markets Today: Thin Range, Volatile Trend

24 January 2020 (8:18 am IST)

23 January 2020 (9:47 pm EST)

World stock markets are repeating their previous session’s trading pattern in this session.

Most of the major Asian stock markets are trading in the red. Only Australian index, ASX200 is positive at the time of writing.

SGX in 15 points down, indicating a flat or negative opening for Indian stock markets.

US and European stock futures are trading mostly with single- digit gains, facing the risk of turning negative at any moment.

This trading pattern in world stock markets shows that global stocks are still under pressure. Day traders should keep this fact in mind and look for short selling opportunities near resistance levels in their local markets.

Posted in Global Stock Markets | Tagged , , , , | Leave a comment

Indian Stock Markets Today: Volatile in Down Trend

23 January 2020 (8:55 am IST)

The weekly trend has been negative for Indian stock markets and major indexes have been falling relentlessly.

As we know, such fall sends the RSI signal into an oversold region and falling markets become range bound and volatile till a balance is reached. After that, the fall (in a downtrend) starts again. That is why in falling markets traders are advised to sell on bounce.

This same advice will be useful for Indian traders to sell near resistance levels after markets recover a bit.

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

Expect Indian stock markets to trade range bound, with high volatility within the previous range. If any index or stock falls below previous low, then the downtrend will start again in those entities.

Posted in Indian Stock Market | Leave a comment

World Stock Markets Today: Subdued, Volatile Trend

23 January 2020 (8:25 am IST)

22 January 2020 (9:54 pm EST)

All major Asian stock markets are down as corona virus spreads in China. The public transport system has been suspended in China  in an effort to stop the virus from spreading.

SGX Nifty is also slightly lower. US stock markets had closed with razor-thin margins in their overnight session. Dow Jones had closed with slightly negative numbers and today, in Asia session, Dow Jones futures are again trading negative. European stock futures are also trading mixed.

In such market conditions, the selling pressure is usually higher and trading pattern turns volatile. For day trading, the best strategy would be to carefully watch your local markets and follow the trend.

Expect world stock markets to trade with a mixed trend and stay choppy in this session. Global stocks have been under pressure this week and that pressure is expected to keep its grip on world stock markets.

 

 

Posted in Global Stock Markets | Tagged , , , , | Leave a comment

Indian Stock Markets Today: Range bound, Volatile Trend

22 January 2020 (8:40 am IST)

Indian stock markets had started this week with a big crash and major indexes reached oversold region. That is why yesterday these markets trader in a small range because the RSI indicator needed to correct and become somewhat normal for big buyers and seller to enter markets again.

Today, SGX Nifty is showing big gains, so we can expect Nifty and broader Indian stocks to open higher. It will also take RSI towards higher regions. This can create two trend possibilities for Indian markets; the trend will either reverse from previous resistance levels or it will continue to rise towards previous support levels.

Gap up or gap down opening especially demand patience from day traders and they must wait for 45-60 minutes before a new trend emerges and markets make it clear whether they will trade up, down or sideways.

Here are today’s range levels for major indexes. You can find these on our  Pivot Trading page also:

Expect Indian stock markets to open positive but trade with volatility within their current range. The best trading strategy will be to let markets create an intraday trend, then trade with it with the help of technical signals.

Posted in Indian Stock Market | Tagged , , , , , , , | Leave a comment

World Stock Markets Today: Positive, Range bound Trend

22 January 2020 (8:19 am IST)

21 January 2020 (9:49 pm EST)

Today, world stock markets are rallying even though US stock markets had closed in their overnight session. Perhaps the reason for this positive trend in global stocks lies in US and European stock futures that are trading with good gains.

Like all other businesses, stock markets also hugely rely on psychology. Good salesmen, marketeers, leaders- all use psychology to succeed in their business. Likewise, if you want to succeed in stock markets; you would need to learn discipline, self-control and follow some rules of trading or investing.

The first rule is patience. Whether you are a long term investor or a short term trader, if you do not have patience; you will not reap profits. Traders who jump in markets as soon as the trading bell rings, only end up losing their capital by over trading. Make it a rule to wait till the first 45 minutes or an hour and you will see that finding that elusive intraday trend becomes easy because by that time, the opening volatility gets over, markets become stable and the intraday trend also becomes steady.

Today would be a good day to try this rule because global stocks are trading positive. Usually, positive trend are less volatile and make day trading easy.

At the time of writing, except for the Shanghai main index; all other major Asian indexes are trading with gains. SGX Nifty is 50 points higher, showing a gap up opening in Indian stock markets today. US and European stock futures are also up with considerable gains.

After recent drops in global stocks, today gains will create a range bound trading pattern and world stock markets are expected to trade positive through the session.

Posted in Global Stock Markets | Tagged , , , , | Leave a comment

Indian Stock Markets Today: Negative Trend Reversal to Continue

21 January 2019 (8:45 am IST)

A few days ago, we had written that Indian stock markets. especially Nifty, are showing signs of a negative trend reversal. Indian stocks still continued to rise. But yesterday, that trend reversal finally happened and Indian stock markets crashed with big numbers.

Today, global cues are expected to add to the selling pressure in these markets. SGX Nifty is down by more than 50 points; indicating a gap down opening in Nifty and broader markets.

Today’s range levels are given in our  Pivot Trading page. For major indexes, these levels are:

Consult these levels for intraday trading. The strength of the trend will determine which levels markets will follow.

For day traders, a big downtrend and then a gap down opening usually takes away any early trading chance. The RSI signal of major indexes will fall in the oversold region and markets may become range bound. Wait for a bounce, then short sell near any resistance level.

Posted in Indian Stock Market | Tagged , , , , , , , , | Leave a comment

World Stock Markets Today: Hong Kong Downgrade Drags Stocks Down

21 January 2019 (8:45 am IST)

20 January (10:15 pm EST)

Before we talk about world stock markets, take a look at gold futures. Gold prices have been climbing since the US-Iran skirmish started and are still climbing. This means investors are still uneasy about some future problem and they are taking money out of stocks and putting in the safe haven of gold.

Today, one of those crises has dragged down global stocks. The credit rating agency Moody’s had downgraded Hong Kong’s rating and world stocks have turned red.

At the time of writing, all major Asian stock markets are trading negative. US and European stock futures are trading highly negative and SGX Nifty is 50 points down even after yesterday’s crash.

It’s a day of negative trend in world stock markets. Day traders should wait for any bounce in their local markets and then enter a short trade. Do now try to trade against the trend on such days, you’ll only accumulate losses.

Posted in Global Stock Markets | Leave a comment

Indian Stock Markets Today: Volatile, Range bound Trend

20 January 2019 (8:37 am IST)

Last week, Nifty had closed almost at a similar level every day, near 12,350. In line chart, the index looks flat through the week. Other major indexes had had mixed closing through the week.

This volatile and range bound trading pattern will continue until Nifty breaks its range, either in up or down side.

For range bound markets, knowing intraday range levels is a benefit. We have provided these levels in our Pivot Trading page. These levels are:

SGX Nifty is indicating a flat start for Indian stock markets. After that, the last week’s trading pattern could continue this week too. We’ll have to wait and see how Nifty behave in this session. Will this index continue to trade between 12,300- 12,360? Or, will it create any new range? We’ll get the answer of these question only be the end on this session.

The best trading strategy for Nifty will be using techniques to trade range-bound  markets. These techniques involve buying near support and selling near resistance levels.

Posted in Indian Stock Market | Tagged , , , , , , , | Leave a comment

World Stock Markets Today: Flat, Volatile Trend

20 January 2019 (8:37 am IST)

19 January (10:06 pm EST)

In the opening session of this week, the opening trend in world stock markets looks flat and volatile.

All major Asian stock markets are trading positive, but, with little gains. US and European stock futures are also showing a similar, positive-but-thin gains trend.

SGX Nifty is flat, waiting for Indian stock markets to open and create an intraday trend.

In such slow paced sessions, day traders should focus on the support and resistance levels of their local markets and try to extract profits in one or two trades.

Unless the trading range broaden later in the session, this narrow trading range will eat into the day trader’s capital without giving any gains in return. The week has just started so the best day trading strategy will be wait for your local markets to show a clear trend and then trade with that trend.

Posted in Global Stock Markets | Tagged , , , , | Leave a comment