Indian Stock Markets Today: High Open, Trend Depends on Global Cues

24 March 2020 (8:47 am IST)

SGX Nifty is 400 points up at the time of writing, indicating a similar high opening for Nifty and broader Indian stock markets. After that, the trend in these markets will depend on how global stocks, especially US stock futures trade.

Yesterday, these markets had fallen with big numbers. Today’s high opening will keep major indexes within their previous range.

We have provided intraday range levels for major indexes on our Pivot Trading page.  These levels are: 

Indian stock markets are expected to open with a gap up, but the intraday trend could remain volatile if global cues change later in the session. Day traders should trade cautiously and follow the trend, whether it goes up or down.

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World Stock Markets Today: Highly Positive on Fed’s Unlimited Stimulus!

24 March 2020 (8:06 am IST)

23 March 2020 (10:36 pm EDT)

This is the session where the trend could change for world stock markets to a highly positive one!

World stock markets are jumping with joy after the Federal Reserve declared some strong fiscal and monetary stimulus for markets which also includes unlimited (or as much as markets need) asset purchase program.

US stock futures had jumped when the news broke before the opening bell in US stock markets on Monday, but the session ended with some negative numbers. However, these numbers were small compared to the big losses US stock markets have been facing till now.

That factor, and the rally in US stock futures in Asia session has given a BIG BOOST  to world stock markets and everywhere, we can see 3-5% jump in global indexes.

Dow Jones futures are more than  700 points higher.

Nasdaq futures are 250 points up.

S&P 500 futures are almost 4% higher.

Nikkei (Japan) is 6.54% up.

-Other major Asian stock markets are also rallying with equally big margins.

-European stock futures are also more than 3% high.

SGX Nifty is 400 points higher, indicating a big gap up opening for Indian stock markets.

If nothing goes wrong and US stock futures continue to trade higher, we can expect to see a highly positive session in world stock markets today.

Day traders should take advantage of this high trend but be cautious about market volatility.

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US Stock Markets Today: US Futures Jump on Fed’s New QE Measures

23 March 2020 (8:13 am EDT)

US stock futures have jumped after the Federal Reserve announced new and unlimited asset purchase program to mitigate adverse effect of coronavirus spread.

Full Report here:

The Federal Reserve just pledged asset purchases with no limit to support markets

The jump in US stock futures was so big that Dow Jones futures jumped 1,800 points from day’s low to high point. Nasdaq futures are up by 200 points.

This trend change in US futures is expected to give a boost not only to US stock markets, but to global stocks too. This is apparent by a more than 300 points’ surge in SGX Nifty, which is futures index of India’s Nifty 50.

Earlier in Asia session, Dow Jones futures were down by 900 points, but now these futures are 400 points up.

More to follow.

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Indian Stock Markets Today: Low Opening on Global Cues

23 March 2020 (8:40 am IST)

SGX Nifty had rolled over from March to April contract and that is showing 968 points cut. I’m not sure if Nifty will follow the exact numbers of this next month’s contract in SGX Nifty. So, we’ll have to wait and watch Nifty and Indian stock markets’ pre open numbers.

Even if Nifty falls with equal margin, the index will open near Thursday’s low mark. This big a fall will trigger a lower circuit and trading will be halted for 15 minutes.

We can expect a turbulent opening in Indian stock markets on global cues. But those cues are showing some recovery from earlier numbers and that can have a positive affect on other markets too. Dow Jones futures is now trading only 700 points lower while earlier this numbers was over 900.

That’s why day traders should be cautious and let markets cool down after the opening and then trade with the trend.

We have provided intraday pivot levels on our Pivot Trading page.  These levels are: 

Expect Indian stock markets to open with highly negative numbers but trade with volatility on global cues.

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World Stock Markets Today: Negative Start of the Week

23 March 2020 (8:17 am IST)

22 March 2020 (10:47 pm EDT)

US stock futures hit the “lower limit” earlier in the session which spooked world stock markets too and global stocks are trading highly negative in early Asia session.

US stock futures were disappointed that the Senate failed to pass a fiscal stimulus bill.

Almost all major Asian stock markets are trading highly negative at the time of writing. SGX Nifty is showing a thousand points’ drop but these numbers are from the April contracts, not from March. So, this is slightly confusing at this hour if Indian stock markets will also open with the same deep cuts.

The global trend will again depend on how US stock futures trade, and these numbers may depend on the stimulus package being debated in the Congress. If that package is cleared, US stocks may start recovery and that might have a positive affect on world stock markets.

Right now, the trend is down and traders should follow the trend.

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Indian Stock Markets Today: Range bound, Volatile Trend

20 March 2020 (8:39 am IST)

Indian stock markets had a highly negative closing yesterday. Nifty lost 200 points more but on charts, this index made a positive candlestick at the bottom, which usually indicates a trend reversal.

Today, global cues are also giving positive indications so we can expect a positive opening for Indian stock markets.

These markets are following the trend in US stock futures, so the trading may turn highly volatile, just like yesterday. It requires a cautious and minimum trading from day traders.

If global markets rally, we can expect a similar trend in these markets too. Otherwise, it could turn out to be a sideways trend in Indian stocks within the previous range.

You can find intraday range levels on our  Pivot Trading page.  For major indexes, these levels are: 

Indian stock markets are expected to open positive but trade with high volatility. Global cues will continue to dominate these markets.

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World Stock Markets Today: Finding Support, Positive Start

20 March 2020 (8:13 am IST)

19 March 2020 (10:43 pm EDT)

As governments all over the world start taking actions to stop the spread of coronavirus, stock markets have also showing signs of bottoming out and rising, as hopes of a quicker than expected solution of this threat to global business starts appearing.

US stock markets had a thin but positive closing in their overnight session. The tech index Nasdaq rallied highest, going up by 2.30% margin.

Today, in Asia session also, Nasdaq futures are confidently positive. This indicates that investors have started buying big tech stocks at the current levels and have confidence that selling cycle is now weak and petering out.

On technical charts also, support signs have started appearing. On 5-hour charts of major US indexes such as Dow Jones, we can see these signs. If you check 5-hour chart of this mega index, you can see that 5 candlesticks have bounced back from the same low level, creating a sideways pattern, and then 3 candlesticks have made a “higher low”.

We had written yesterday that when major stock indexes start making “higher low” pattern on their technical charts, it will indicate support to world stock markets.

Right now, all these indication from US stock markets are hinting at hope and that’s why, major stock markets are trading positive in Asia.

Except for Nikkei (Japan) all major Asian stock markets are trading positive today. Australia and South Korea markets have jumped 4% and Hong Kong markets are up by 3.80%. Shanghai (China) index is also up by nearly 1%.  SGX Nifty is flat, showing that Indian stock markets  could open positive.

US stock futures are mixed. Nasdaq futures are positive and S&P 500 and Dow Jones futures are marginally negative. But, as we said, the charts of these futures indexes are also  support at lower levels so we can expect these numbers to turn positive later in the session.

This seems a good day for world stock markets and we can hope for better days next week.

World stock markets are expected to trade in a mixed manner, with high volatility. US stock futures will dominate the global trend and if those numbers rise considerably, we can expect a rally in global stock in this last session of a turbulent week.

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Indian Stock Markets Today: Highly Negative With Global Markets

19 March 2020 (8:32 am IST)

SGX Nifty is falling with global markets. At the time of writing, this futures index of Nifty is down by more than 400 points.

This shows that Indian stock markets will also open with deep cuts and continue with their down trend.

Daily range levels are given on our  Pivot Trading page.  These levels are: 

Expect Indian stock markets to follow the global trend and trade in a downtrend. A gap down opening used to attract buyers in normal times. But in these unusual times, Indian stocks have seen a continuous decline even after big gap down openings.

Day traders should cautiously watch markets and follow the intraday trend.

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World Stock Markets Today: Highly Negative Trend Continues

19 March 2020 (8:09 am IST)

18 March 2020 (10:39 pm EDT)

More than a couple of hours ago, when US stock futures opened for trade in Asia session, it was with green numbers. Dow Jones futures were up by 500 points and I thought, perhaps we will see a positive session in world stock markets after US stocks closed with negative numbers in their overnight session.

Alas, all those green numbers have turned in red and US stock futures are now trading with their usual, highly negative numbers.

Major Asian stock markets are also trading with deep cuts, with as high as 5% margins (Kospi, South Korea).

SGX Nifty is almost 300 points down and very volatile, following every small move in US futures.

This continuous drop in world stock markets is indicating that markets are “factoring in” the effects of coronavirus on business and finance sectors. That means, when the real effect will show in quarterly results, markets will ignore poor results and trade normally.

US stock markets are continuously making “lower high” pattern on technical charts, confirming that the downtrend is still in place. The day these markets make a “higher low” on charts, buyers will start pouring in and we can expect these markets (along with the global stocks) to zoom up with double the speed.

Until that happens, investors should employ strategies to hedge their investments and day traders should follow the trend.

World stock markets are trading with highly negative numbers at the time of writing because of losses in US futures. This trend is expected to continue through the session. US stock futures will lead this trend and any change in these futures; negative or positive will dominate the global trend.

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Indian Stock Markets: Volatile, Weak on Global Cues

18 March 2020 (8:44 am IST)

SGX Nifty is highly volatile at the time of writing and swinging between red and green numbers. Right now, the index has climbed up and gained 40 odd points. But there is no certainty that these numbers will remain positive by the time Indian stock markets open.

Yesterday, Nifty closed below 9,000, which signaled weakness in the index. Like other markets, Indian stock markets are also spooked by the steep fall in bigger markets and are following that decline. That trend may continue today also.

We have provided intraday trading range levels for major stock indexes. Here are those levels:

Indian stock markets are expected to trade with global cues and remain highly volatile as Nifty and Bank Nifty face their weekly Options expiry tomorrow. Day trades should trade with caution and keep stop loss in all their open trades.

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