World Stock Markets Today: Slightly Postive Start of the Week

15 April 2019 (8:45 am IST)

14 April 2019 (11:16 pm EDT)

World stock markets have opened with slightly positive numbers in Asia. That puts the weekly trend on the higher side, although with very marginal gains.


Almost all major Asian stock markets are trading positively at the time of writing. SGX Nifty is flat, waiting for the Indian stock market to open and start their intraday trend.

European and US Stock future are mildly positive at this hour, and their intraday trend can move in any direction.

For day trading, it will be better to wait and watch how different markets trade, because major markets are still trading close to their yearly resistance levels and that can continue to create high volatility in the intraday trading pattern.

Day traders should watch the technical signals in smaller time frames for intraday trading since the global Trading range is currently quite narrow.

Support and resistance levels from one hour to 15 minutes charts will be good indicators of how the intraday trend take shaps. Watch those indicators and trade with the short term trend, which at this hour looks sideways.



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US Stock Markets Toaday: High Open, Rangbound Trend

12 April 2019 (9:15 am EDT)

Just as we had written previously that U.S. stock markets are preparing for a big breakout from their this week’s narrow range, US Stock futures jumpeed with big gains, making sure that U.S. stock markets will open with a high gap up in this last session of the week.

Dow Jones is expected to open near 26,400 which will take it close to this week’s high level. Other major indexes will also open with a gap up.

Day traders will have to wait and watch what U.S. stock markets do after a big opening. When markets open so high, it is usual for stocks to cool down a bit. So wait for that initial volatility to cool down and then trade with the trend.

Today’s intraday trend can remain range bound if markets trade near opening levels and refuse to go up or down. However, if buying pressure sustains, then U.S. stock markets will continue to climb higher through the session.

The broader intraday range can be predicted with the help of daily pivot levels which we have provided on our Pivot Trading page. For major indexes, these levels are:

Expect U.S. stock markets to trade with more enthusiasm as China economic data came better than expected and the U.S. – China trade talks are progressing smoothly. Markets may remain rangebound in a narrow range after a very high opening, or the uptrend will continue.

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Indian Stock Markets Today: Volatile Near Support Levels

12 April 2019 (9:03 am IST)

Indian stock markets had a very narrow trading range yesterday, near the major support level for Nifty.

As we had written yesterday, Nifty has that support zone between 11,500- 11,530. Yesterday, the index bounced from is 11,550 and stayed below 11,600 mark, which now makes it the new resistance level for Nifty.

Today, SGX Nifty is trading lower by nearly 30 points, which indicates that Nifty will again open near previous opening levels and trade with a similar volatile pattern.

Day traders must stay alert for both support and resistance levels at these points and trade only near those levels. This is a narrow sideways trend and till the trend becomes clear (rising from support or declining from resistance), they should stay away from trading. Such narrow ranges are the biggest money-eater for small traders. If the wait for the right trading opportunities, markets will reward them later with big breakout trends.

The intraday trading range can be anticipated with daily pivot levels, that we have given on our Pivot Trading page. These levels for major indexes are:

Expect a choppy and rangebound trend in Indian stock markets. Till Nifty breaks its upper or lower range level, this sideways trend will continue in Indian stock markets.

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World Stock markets Today: Sleepy, Slow, Rangebound Trend Continues

12 April 2019 (8:51 am IST)

11 April 2019 (11:22 pm EDT)

World stock markets are trading sleepily this week and this morning in Asia, that slow paced and the rangebound trend is continuing in this last trading session of the week.

Major Asian stock markets are mixed and SGX Nifty is down, indicating a lower opening but rangebound session for Indian stock markets.

European and U.S. stock futures are marginally positive, like previous sessions.

U.S. stock markets had another small trading range in their overnight session and closed with razor-thin, mixed margins. Such trading patterns indicate that markets are gathering strength for a bigger move which can come in any direction.

For day traders, it is wise to wait for that big move and cut down their intraday trading. The monthly range is itself very narrow near the range-resistance levels so the sentiment is more towards selling at bounces.

Day traders can focus on their local index and wait patiently for such opportunities to sell at high.

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US Stock Markets Today: Choppy, Technical Trend

11 April 2019 (9:20 am EDT)

U.S. stock futures are again trading with tepid gains and it could lead to another narrowly rangebound and choppy session in U.S. stock markets today.

European stock markets are also trading mixed and choppy, following their individual technical levels and signals.

This week’s trading range has been very narrow in U.S. stock indexes and last week’s high and low levels are still holding their places.

We can expect a similar intraday trading pattern in these markets that have dominated this week. That is a technical trend where different indexes will follow their own technical signals.

To know the broader intraday trading range, day traders can take help of daily pivot levels given on our Pivot Trading page. These intraday levels are:

Expect a volatile and sideways trend in U.S. stock markets today. This week has been uneventful for these markets and as long as last week’s range levels are not broken, expect the same rangebound trading pattern in U.S. stocks that we have bee seeing this whole week.

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Indian Stock Markets Today: Volatile Near Support Levels, Weak Trend

11 April 2019 (8:50 am IST)

For Indian stock markets, two technical things will be important to watch today:
1. Daily support levels on Bollinger Band indicator, indicated by the middle band.
2. Resistance levels on 1-hour charts, shown by the same middle band of Bollinger Band indicator.

These two levels could mark the opening intraday trading range in bigger indexes because SGX Nifty is trading between these two levels of its own.

Indian stock markets have been slowly declining ever since the reports of a possibly delayed monsoon came through. Yesterday also, Bloomberg reported a sugar production the Indian state of Maharashtra could drop to a three-year low due to prolonged dry weather.

SGX Nifty is already turning negative with the weak global cues, hinting at a negative opening in Indian stock markets today.

Yesterday, Nifty had closed below 11,600 that showed that this index is now easily breaking support levels. Today, Nifty’s support zone will be between 11,530- 11,500. If this index falls below this daily support, then we can expect a bigger decline in Nifty and borader Indian stock markets.

Daily pivot levels for major stock indexes are available on our Pivot Trading page. Day traders can take help of these to check the broader range levels. These levels are:

Expect Indian stock markets to trade with volatility and remain under pressure on local and global issues. Till now, every bounce has attracted selling pressure so day traders should watch support and resistance zones for trend indications, then trade with the bigger trend (which is down at this time) as long as the trendline remains intact.

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World Stock Markets Today: Fed’s Meeting Minutes Put Pressure on Stocks

11 April 2019 (8:00 am IST)

10 April 2019 (10:30 pm EDT)

World Stock markets have started this new session in Asia with a subdued trend.

U.S. stock markets had a flat closing in their overnight session after the Federal Reserve’s meeting minutes revealed that the central bank is ready for rate hikes if the U.S. economy improves.

As a result, all major Asian stock markets are trading negative in early hours. SGX Nifty has been shifting between flat to negative, showing that global weakness could also dominate Indian stock markets.

U.S. stock futures are slightly positive at the time of writing, but European stock futures have turned negative with Asia markets.

Expect world stock markets to trade under pressure and remain volatile. Technical resistance levels had already been stopping markets from going higher, and now the Fed’s futures plans have brought back rate hike worries for global stocks.

Day traders should watch the resistance levels in their local index, especially in the bigger time frames, such as 5 to 1-hour time frames. Seeling near these resistance levels could be a better day trading strategy.

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US Stock Markets Today: Sideways Trend, Rangebound Trading Pattern

8 April 2019 (9:27 am EDT)

U.S. stock futures are trading mildly positive after yesterday’s considerable losses.

This indicates that U.S. stock markets will remain within their last week’s trading range, at least initially.

After that, if the trend turns sideways then we can expect some recovery from previous losses. However, if U.S. stock markets again start declining then last week’s low levels will be tested and as long as that low support is in place, the intraday trend will stay rangebound.

Day traders can check intraday pivot levels given on our Pivot Trading page to know the broader trading levels of major stock indexes. These levels are:

Expect U.S. stock markets to trade with high volatility and remain rangebound within last week’s support and resistance levels. The trend will change only when markets break out of one of these levels.

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Indian Stock Markets Today: Narrow, Rangebound Weekly Trend

10 April 2019 (8:59 am IST)

Indian stock markets are set to continue their narrow and range bound weekly trend.

Nifty is trading between support of 11,5570 and resistance of 11,700. Till any of these levels are broken, this index and broader Indian stock markets will continue to trade in choppy and sideways trend.

To know the broad trading range of major indexes, day traders can use daily pivot points given on our Pivot Trading page. These support and resistance levels are:

Expect Indian stock markets to trade between their previous support and resistance levels. The trading pattern will be choppy and trends will last for short durations. Higher levels could see selling pressure and lower levels will attract buying.

Day trading will be safer if traders wait and watch how markets turn near these levels, then follow the short term trend for trading.

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World Stock Markets Today: Mixed Technical Trend Dominates

10 April 2019 (8:59 am IST)

9 April 2019 (11:29 pm EDT)

U.S. stock markets had a highly negative closing in their overnight session. But after that, U.S. stock futures have started turning positive in the Asia session.

European stock futures are also following this recovery after a negative close in major European indexes yesterday.

In Asia, major stock markets are trading mixed, which shows that global stock markets have now adopted a trend based on their individual technical signals.

SGX Nifty is trading lower before the opening of Indian stock markets which indicates that a range bound trend is still in place in this futures index of NSE Nifty and the same trend could be seen in Indian stock markets too.

Expect world stock markets to remain highly volatile, which is the usual trading pattern of rangebound markets near support or resistance levels.

Day traders can focus on their local index and trade with its short term trend. The dominating trend has turned neutral or sideways in world stock markets and it will continue to fluctuate between technical support and resistance levels.

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