World Markets Today: Highly Volatile, Range Bound Session

5 May 2017 (8:31 AM IST)

4 May 2017 (11:01 PM EDT)

Asian markets are down, almost all major markets trading negative and SGX Nifty is also down by nearly 30 points after a highly volatile session in U.S. markets overnight, where major indexes had had a steep drop in the middles of the session, before closing negative but almost flat.

U.S. and European stock futures are slightly negative at this early trading hour in Asia. These numbers may, or may not improve through the session. But the overall trend seems to be range bound with strong resistance coming in at higher levels.

Expect global markets to remain under pressure, trade in a choppy manner and trade mostly on local cues. Global cues are negative at the moment.

Any index trading below its previous low will mostly remain negative while any index trading positive will most probably remain range bound within weekly limits.

Follow the trend in your local index.

Good luck, enjoy the session!

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