Indian Stock Markets Today: Nifty Below Major Support, Downtrend Starts

14 November 2019 ( (9:08 am IST)

Yesterday, Nifty fell below its major support of 11,850, after trading in a rage above this level for many sessions.  Bank Nifty also fell with more than 500 points and indicated a trend reversal. 


This shows that a minor downtrend has started in Indian stock markets. the previous support levels will now act as resistance levels. We will continue to follow this downtrend till a prices stabilized and market shows some support at lower levels. It is difficult to say what will be those support levels. But one thing is sure, technical charts will indicate when that support arrives, and we will talk about it at that time..

SGX Nifty is trading mildly positive. Day traders should wait and see If Indian stock markets also open with a slightly positive numbers. After that they should wait for the prices to reach some resistance, where it will be a good chance to sell at high.

We have provided intraday support and resistance levels on our  Pivot trading page. For major indexes, these levels are:

Expect Indian stock markets to trade with volatility, but the overall trend has turned down. Markets may become range bound  at times during this downtrend, so the best day trading strategy will be to wait for the price to turn down from a resistance level, then short sell with the downtrend.



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World Stock Markets Today: Mixed Trend, Volatile Trading Pattern

14 November 2019 ( (9:08 am IST)

13 November 2019 (10:37 pm EST)

As expected, US Stock Market continued their uptrend by opening low but closing higher. Dow Jones opened more than hundred points down and closed nearly hundred points up.

As we keep writing, it is ‘buy on dips’ for US stock markets because these markets are in an uptrend. On the other hand, Indian stock markets have started a minor downtrend, so in those markets, the trading strategy will be sell on bounce.

This shows that world stock markets are in mixed trading pattern right now, so day trading will follow different patterns in different markets.

At the time of writing, US and European stock futures are slightly negative. Major Asian stock markets are trading mixed, and SGX Nifty is showing minor positive numbers after yesterday’s fall.

Expect a volatile trading pattern in global stock markets. The overall trend is mixed and different markets are following their own trends. For day trading, traders should follow the local trend and trade according to the trading signals on technical charts.

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Indian Stock Markets Today: Volatile, Range Bound Trend

13 November 2019 ( (9:00 am IST)

 Indian stock markets are showing a mixed trained and highly volatile trading pattern as major indexes trade near their all-time high levels. 

In the last two sessions, Bank Nifty has rallied, but Nifty has traded in a subdued manner and has turned range bound.  Nifty currently faces strong resistance near 11,950 and strong support near 11.850. These hundred points are now making a trading range for Nifty. SGX Nifty is indicating a slightly lower opening in Indian stock markets today. But that will take Nifty close to its support levels and, so day traders should watch for a bounce back after the lower opening.

For intraday trading,  use daily trading levels given on our  Pivot trading page. These levels are:

Indian stock markets are expected to trade within their last session’s range. The  trend signals have turned negative on 5-hour charts; but supports levels are still strong. That has created a range bound trading pattern in Nifty. Traders should wait and watch whether this is a pause in the previous uptrend; or Nifty falls below the support levels and starts a minor downtrend.

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World Stock Markets Today: Volatile, Range bound Trend

13 November 2019 ( (9:00 am IST)

12 November 2019 (10:30 pm EST)

As we keep writing, in US stock markets, the best trading strategy is ‘buy on dips’. True to that, every day when US stock markets open negative, major indexes go down to their support levels and bounce back to close flat, with a recovery of all losses.

This indicates a pause in US stocks and a range bound trend. Global stock markets are also following this range bound trend, and trading between their major support and resistance levels.

Day traders should focus on horizontal support and resistance levels for intraday trading. Although, it must be reiterated that these support and resistance levels appear on the monthly and weekly charts first; and big market movers follow these levels. So, day traders should also check the monthly and weekly support and resistance levels; and day trade based on those levels.

Expect world stock markets to trade with volatility and remain range bound within their monthly range levels. The overall trend is positive; the intraday trend could stay sideways.

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Indian Stock Markets Today: Gap down Opening, Trend Reversal

11 November 2019 ( (9:05 am IST)

Indian stock markets had a mixed session on Friday, where Nifty and Sensex closed highly negative but Bank Nifty ended the session with positive numbers.

Nifty has staged a trend reversal by falling below major support levels on 5-hour charts. Going by the current trading pattern on Nifty charts, it is ‘sell on high’ for this index. The trend line has also broken on daily charge for Nifty, so we can say that this index is currently in a minor downtrend.

SGX Nifty is down by more than 40 points at the time of writing, so we can expect Indian stock markets and Nifty to open with a gap down today. A lower opening will take Nifty close to its support level of 11 900. Day traders should wait and watch carefully how Nifty trades after that. A slight bounce is expected after a gap down opening, but the trend is down for this index, therefore, day traders should wait for an opportunity to sell near resistance levels.

We have provided intraday support and resistance levels on our  Pivot trading page. Use these levels for technical day trading.  For major indexes, these levels are:

Expect a lower opening, but highly volatile trading pattern in Indian stock markets, as seen in the last week. These markets are highly manipulated, so it cannot be said that technical signals will work exactly as they should.Day traders should wait and let markets create an intraday trend,  then trade with the short-term trend within major support and resistance levels.

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World Stock Markets Today: Negative Technical Trend

11 November 2019 ( (9:05 am IST)

10 November 2019 (10:35 pm EST)

World stock markets have opened with negative numbers in this session, but this is just a technical trend.

US Stock futures are trading down, which has triggered a similar trend in other markets in Asia, so we can expect the intraday trend to be volatile and negative, at least in the first half.

Global markets are following that Indian us stock markets, which is overall positive point but some markets, like in India, are trading on local factors, so day traders should be Ready for a mixture over all trend and trade with their local index.

For US stock markets, it is a ‘buy on the dip’ trend, so negative numbers in US Stock futures do not matter much.
At the time of writing, all major Asian stock market trading negative, us and European stock futures are also negative, SGX Nifty is down by 40 points indicating a gap down opening in Indian stock markets.

For day trading, it will be better to use both support and resistance levels, and trade with the short-term trend between these levels.

Expect world stock markets to trade negative as long as US Stock futures trade lower. The global trend is dominated by the trend in US stock markets, and the overall global trend is positive.

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World Stock Markets Today: Negative intraday Trend

8 November 2019 (8:30 am IST)

7 November (9:59 pm EST)

World stock markets are showing negative numbers all around as US stock markets dip on Profit booking.
major Asian stock markets are trading most negative at this hour. US and European stock futures are also negative. SGX Nifty has fallen More than 60 points, showing a gap down opening for Indian stock markets in this session.

World stock markets are expected to trade with volatility and perhaps remain under pressure through the session. Sach dips are common in an uptrend, specially for us stock markets. Day traders should follow the local trend, and trade within important support and resistance levels with the short term trend.

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Indian Stock Markets Today: Range bound with Strong Support

7 November 2019 (8:51 am IST)

Indian stock markets have become range bound, but the support levels are quite strong, indicating that the uptrend is still in place in these markets.

Yesterday, Nifty touched the high mark of 12,000, but closed some 40 points below that. The index will again try to reach and cross above this level. Until that happens, this index could remain trading within this week’s range levels.

Nifty has been continuously making “higher lows” on daily charts, which indicates strong uptrend in this index and broader Indian stock markets. In any uptrend, buying near support levels always brings more profit today traders. Yesterday also, Nifty bounced back from support levels after the initial fall.

The overall trend in Indian stock markets is range bound, within an uptrend. Day traders should watch both support and resistance levels, given on our Pivot Trading page. These levels are:

Indian stock markets are expected to trade with high volatility. This week, the trend has been range bound. If, and when, Nifty crosses above 12,000, we can expect another uptrend to start in these markets.

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World Stock Markets Today: Range bound, Mixed Trend

7 November 2019 (8:51 am IST)

6 November (10:20 pm EST)

World stock markets are continuing with their pause within an uptrend. At the time of writing, the intraday trend in global stocks is range bound, with a mixed trading pattern.

US stock Market had a mixed closing in their overnight session. In Asia session today, US and European stock futures are trading with slightly negative numbers, just like yesterday. Major Asian stock markets are also showing a mix of positive and negative numbers. SGX Nifty is flat, with minor positive numbers.

Expect world stock markets to trade in a thin range. Big markets are taking a pause in their uptrend, and global stocks have become directionless in these conditions.

This means that day traders will have to follow the trend in their local stock markets, and trade with technical signals. The intraday trend could be up, down or sideways in different markets. The best day trading strategy, as always, will be to follow the trend within major support and resistance levels.

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US Stock Markets Today: Resting after the Rally

6 November 2019 (8:39 am EST)

Do you want to know how to make money in an uptrend? 

Wait patiently when market  turn range bound within the uptrend, let the price dip and come to a support level, then  buy. You’ll get all the strength of that uptrend behind your trade, and make instant money when markets again rally upwards from that support. 

US Stock markets are currently in that range bound phase within an uptrend, and testing the patience of day traders. In such market conditions, the best trading strategy is to avoid trading. Otherwise; you will lose money. Those who still want to trade in such narrow range bound markets, use pivot levels given on our Pivot Trading page. These levels will inform about the price range where major indexes may trade in this session. These levels  are:

US stock markets are expected to open with positive numbers.  After that, the previous uptrend may resume, or market may trade sideways for sometime. The overall trend is positive as US stocks have recently staged a positive breakout. Sooner or later, that positive trend will return. Wait for that, because easy profits are made in a trend. Sideways trends only eat into the day traders’ trading capital.

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