India Markets Today: Volatile, Range Bound, Mixed Trend

14 November 2017 (9:10 AM IST)

India markets witnessed a highly negative session yesterday where Nifty had bigger losses compared to Bank Nifty.

Nifty fell from its technical resistance of 20-Day Moving Average and is now far below that level, which is expected to act as a major resistance for the index.

Bank Nifty is showing more strength than Nifty and is still range bound near its range top levels.

For intra day trading, Nifty has pivot mark at 10258 and support comes near lower levels of 10,182-10,140-10064. Resistance will be near higher levels of  10300-10376-10418.

Watch these levels and trade with the short term trend.

Good luck, enjoy the session!

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World Markets Today: Turbulent, Mixed Trend Continues

14 November 2017 (8:56 AM IST)

13 November 2017 (10:28 PM EST)

U.S. stock futures have turned negative after President Trump’s oldest son, Donald Trump Jr released his mails with Wikileaks, which adds to the ongoing drama of Trump team colluding with various stakeholders to sabotage Clinton campaign in 2016 presidential elections and which is tied to the ongoing investigation of Russia’s role in the same.

In reaction, Trump has started tweeting about coming tax reforms which he now usually does whenever there is negative news about his administration. Maybe to stop stock markets from having a negative reaction?

But right now, U.S. and European futures are negative, most of the Asia markets are also down and SGX Nifty is indicating a subdued opening in India markets too.

Expect global markets to trade with turbulence and show a mixed trend as the “tax reforms hope rally” in U.S. markets stalls and bigger markets turn weak.

The intro day trend will either turn negative or remain range bound. Watch your local trend  and trade accordingly.

Good luck, enjoy the session!

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US Markets Today: Negative, Volatile on Tax Reform Worries

13 November 2017 (9:05 AM EST)

We have been continuously warning about the fragile, recent  “hope rally”in U.S. markets about tax reforms by Trump administration.

It seems that finally markets have also caught on to the reality and have started climbing down on worries about a delayed and “not as goos as expected” tax reform.

After a negative week previously, U.S. futures are indicating a highly negative opening to this new week.

Futures of Dow Jones are nearly -100 points down before the opening bell. Nasdaq futures are showing nearly half a percent cut.

In such scenario, major U.S. indexes will have two intra day-trend possibilities today- we will either see a continuous decline even after a low opening; or a range bound trading pattern where markets will find support after the lower opening and trade within last two week’s range.

Wait for the initial volatility to subside, then trade with the short term trend.

Good luck, enjoy the session!

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India Markets Today: Volatile, Mixed Trend in Major Indexes

13 November 2017 (8:57 AM IST)

India markets had a mixed session last Friday,where Bank Nifty rallied and Nifty remained range bound.

In that session, SGA Nifty had traded highly negative in early session but those negative numbers didn’t show up in major Indian indexes.

So, today’s slightly negative numbers in SGX Nifty indicate that Nifty may remain range bound but the trend in Bank Nifty may or may not follow a similar pattern.

For intra day trading, Nifty’s pivot is at 10306. Above this mark, the indexes is expected to face resistance near 10,359-10,397-10,450. Support is expected near 10,268-10,216-10,178.

Watch these Nifty levels and trade with the trend.

 

Good luck, enjoy the session!

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World Markets Today: Last Week’s Choppy, Mixed Trend Continues

13 November 2017 (8:51 AM IST)

12 November 2017 (10:22 PM EST)

The last stock markets to close on Friday were U.S. markets which saw a mixed but mostly negative closing in their major indexes. European stock had also closed the week with highly negative numbers after a choppy trend, mostly with negative numbers.

That same volatility and mixed trend has reappeared in this first session of the new week in global stocks.

U.S. and European stock futures are trading within their last session’s range. Asia markets are mixed and SGX Nifty is negative, indicating a mostly range bound session in India markets today.

Expect a choppy and mixed trend in global stock markets on various factors, including geopolitical worries and currency movements.

Watch the trend in your local index and trade accordingly.

Good luck, enjoy the session!

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US Markets Today: Choppy, Range Bound Session

10 November 2017 (8:55 AM EST)

U.S. stock  futures have been quite choppy through the global session. It is possible that a similar trend continues in U.S. markets after the opening bell.

In that scenario, one can expect a range bound trading in major indexes within the trading range of this week.

Yesterday’s high and low levels will mark the immediate trading range for major indexes.

Fro Dow Jones, hourly charts indicate an immediate resistance level near 23,500 and support near 23,350. The second level of resistance and support are expected 50 points above and below those first levels.

The intra day trend can remain highly volatile, as it was yesterday and the trading pattern could remain sideways.

Traders should watch major support and resistance levels and trade within those boundaries with the short term trend.

Good luck, enjoy the session!

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India Markets Today: Volatile, Under Pressure on Global Cues

10 November 2017 (8:38 AM IST)

India markets have been seeing selling pressure in last couple of sessions, and Nifty and Bank Nifty had looked like finding some support yesterday.

But today, SGX Nifty is trading highly negative on global cues and if Nifty follows these numbers at opening, then the index will fall below its 20-Day Moving Average on daily charts.

That will be an added negative factor as far as Nifty is concerned.

In last two sessions, Nifty had traded in a similar range, by opening high and then trading low. Today, traders should watch if any buying support comes in after a low opening and helps Nifty move up to previous support levels.

If that support comes after the opening bell, then Nifty may try to go back to its previous session’s range.

However, if sensing pressure dominates and Nifty trades below its intra day pivot level, then it will be a negative signal for the index. This intra day pivot in Nifty comes today at 10,314. Below this mark, support levels are near 10,261-10,213-10,159 and resistance is expected near higher levels of 10,362-10,416-10,464.

 

Give markets time to settle after a volatile opening session, then trade with the short term trend within those Nifty levels.

Good luck, enjoy the session!

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World Markets Today: Choppy, Under Pressure as Big Markets Fall

10 November 2017 (8:24 AM IST)

9 November 2017 (9:55 PM EST)

After a long time, European and U.S. stock markets fell with a big thus in their previous session.

Although U.S. markets recovered almost half of their losses before the closing bell, but still the closing levels in major indexes were considerably negative.

As a result, Asia markets are also trading negative. SGX Nifty is nearly -50 points lower at this time, indicating a big gap down opening in India markets too.

U.S. markets are suddenly facing many, major negative factors all around. The Republican tax reform bill is not up to markets’ expectations, Saudi Arabia and Iran have turned hostile to each other and, let’s face it, even though it is not official, it is very clear that President Trump and many of his close partners are under investigation by the DOJ special counsel Robert Mueller. There have been a series of  first indictments, charges and house arrests of prominent Trump campaign members and it is anticipated that once Trump returns from his Asia visit, the investigating process will move further.

So, the season is not good for U.S. markets and it will invariably affect global markets.

U.S. and European stock future are still trading mixed, with some negative and some feebly positive numbers.

Expect global stock markets to trade under pressure and remain choppy. The dominating trend is now titling towards negative and any market that trades positive will probably see a narrow, sideways trend while any index that trades negative, will have more probability of trading in a bigger range.

Watch the intra day trend in your local index and trade accordingly.

Good luck, enjoy the session!

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US Market Today: Negative, Choppy on Saudi Arabia-Iran Tensions

9 November 2017 (8:59 AM EST)

European Markets and US Stock futures fell heavily after the foreign minister of Saudi Arabia called for sanctions on Iran for what he termed as” supposed to terrorism.”

At one point Dow Jones futures were down by more than a hundred points. Future of Nasdaq and S&P 500 are also trading highly negative, indicating that US markets could  witness a highly negative session today.

US markets have already been subdued on local political worries since last week.  We have been writing about the sideways  trading pattern in US market and that, sooner or later market will make a big move in either direction to get out of this narrow rang.

It looks like, that range breach may occur today in major US indexes.

Markets are just one session away from the weekend and investors and traders may not like to leave too much money on the table, fearing any untoward incident over the weekend.

The dollar index is also down and Gold is climbing up, as investors turn to this safe investing haven of troubled times.

Dow Jones has a stronger support near 23,475. Low futures are indicating an opening near this label for this mega index. 

It will be interesting to see if the index find any support after a lower opening, or this lower trend continues through the session.

If that happens, then global market  may also see a highly negative session on Friday.

For today’s intraday trading in U.S. markets, traders should watch hourly chart of major indexes and check long term Moving Averages for trend indication.

Currently, Dow Jones futures are trading below the 200 -day MA on hourly chart, which  is quite a negative indication.

But the intraday trend will depend on how this index trades near its long-term MAs after the opening bell.

Watch that trend and trade accordingly.

Good luck, enjoy the session!

 

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India Markets Today: Volatile, Range Bound Pattern

9 November 2017 (8:48 AM IST)

India markets have suffered two straight days’ fall this week. SGX Nifty is trading positive in early trade but the trend in India markets will depend on how major indexes trade through the session.

If Nifty and Bank Nifty open positive, and survive above their opening levels, then it will become a range bound session within the limits of this week.

In case major indexes fails to sustain their positive opening, as happened yesterday, then the previous low trend will continue.

For intra day trading in Nifty, pivot point will be at 10324. Above this mark, resistance is expected near 10,363-10,423-10,461 while support is expected near 10264-10225-10165 marks.

Watch and trade within these levels with the short term trend.

Good luck, enjoy the session!

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