World Markets Today: Slow Paced, Narrow Range Bound Session

1 September 2017 (8:10 AM IST)

31 August 2017 (10:40 PM EDT)

After a highly volatile week, global stocks seems to have lost any energy for any more big move.

Maybe that’s why Asia markets are trading mostly positive but in a small range and with marginal gains. SGX Nifty is also flat, indicating another slow paced session in India markets. U.S. stock futures are slightly positive but European futures are mixed, indicating a more volatile session in euro zone.

Expect global markets to remain range bound, trade in a narrow range with choppiness. The intra day trend will be dominated by mostly local cues as there are no big global cues to push stocks.

Watch the support and resistance levels of your local index and trade within those levels with the short term trend.

Good luck, enjoy the session!

 

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