Indian Stock Markets Today: Trying to Bounce From Support Levels

18 February 2019 (8:49 am IST)

As we had discussed in our previous post, Indian stock markets are trying to bounce back from their range support levels but the short term resistance levels are still active. This can keep Indian stock markets choppy between important support and resistance levels.

For Nifty 10,700 and 10,750 are immediate support and resistance levels. If Nifty crosses above the 10,750 mark, it will enter an uptrend on 1-hour charts which will be a strong positive signal for the index and broader Indian markets.

Till that happens, traders should carefully watch support and resistance levels and wait till Nifty signals which way it intends to go.

To know intraday trading range, day traders can use pivot points given on our Pivot Trading page. Here are these levels for major indexes:

Expect a choppy intraday trend for Indian stock markets as major indexes will struggle between range support and near term resistance levels. the immediate trading range will be between previous high and low levels and day trader should follow the short term trend between these levels.

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World Stock Markets Today: Positive Start to Session, Week

18 February 2019 (8:49 am IST)

17 February 2019 (10:19 pm EST)

As discussed before, world stock markets have opened this first session of the week with positive numbers, following the big rally in U.S. stock markets on Friday.

U.S. and European stock futures are trading positive, even after a huge rally in the previous session. This shows that buying support is still stronger and traders are not looking for any profit booking/ pause, at least in early trading.

All major Asian stock markets are trading positive. SGX Nifty is 24 points up, waiting for Indian stock markets to open and decide on the intraday trend.

Expect global markets to trade with support as investors, traders wait for positive outcome from China- U.S. trade talks. Big markets are rallying this month. This new week has stared with positive numbers so we can consider it a weekly uptrend, as long as markets trade above last week’s closing. If for any reason, any index slips below its previous close, hone it will turn rangebound and trade within last week’s trading range.

Day traders can watch support levels and trade with the short term trend in their local markets. At the time of writing, the global trend is positive for the week.

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Indian Stock Markets Next Week: Will the Bounce Back Sustain?

Sunday, 17 February 2019

Indian stock markets have been trading in a small range, with minor up and down trends from support and resistance levels.

Last Friday, major indexes in these markets continued to decline in the first half and then bounce back from range support levels. The monthly, weekly and daily trend was negative for these markets till the closing bell on Friday. But, on 5-hour charts, a positive bounce back from support levels has become clear.

These markets have been trading in a small range since last three months, trading between fixed support and resistance levels. Last Friday, this markets stopped from a full recovery only due to current tensions with neighboring Pakistan after a brutal terror attack on Indian security forces in the state of Jammu & Kashmir.

SGX Nifty usually rallies with U.S. stock markets but on Friday this futures index of Nifty kept near its closing line and finally closed with 21 points gain.

For Monday and next week, opening trade in Nifty will decide the trend in this main index and broader Indian stock markets.

Nifty’s first trend indication will come on 1-hour charts. Nifty had closed near the middle band (10,740) of Bollinger Bands on hourly charts. So, this levels will act as the most important opening level for Nifty. If Nifty declines from this middle band, then it will act as a resistance. If Nifty opens above or trades above this level after the opening bell, then it will indicate support to the index and signal the boucle back is getting stronger.

For Nifty, the initial trading range  will be between high and low levels of last two candlesticks on 5-hour charts.

Indian markets might feel encouraged from the fact that till now, the Indian government has been quite restrained in its response to the J&K terror attack and has taken only diplomatics steps as counter measures. India is getting ready for Saudi Arabia’s Crown Prince Mohammed bin Salman’s first official visit on Tuesday (19 Feb). The Indian government will prefer to have a peaceful environment for this historic visit. Investors will be keenly watching this meeting and business growth opportunities that it could present for India. That fact can keep Indian stock markets range bound or positive next week.

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US Stock Markets Next Week: Looking To Continue Monthly Uptrend

Sunday, 17 February 2019

U.S. stock markets closed with BIG gains on Friday last, ending an straight 8-weeks uptrend. As there are more positive developments in store for these markets, it seems this month’s uptrend will continue in these markets.

President Trump has been tweeting about positive progress on the U.S.-China trade talks which is enough to keep U.S. stocks soaring. Also, the Federal Reserve’s meeting minutes will be released on Wednesday and as the central bank has already indicated a push in its rate hikes, those minutes can only add to market gains.

In less than 12 hours, U.S. stock futures will open for trading in Asia session. A positive opening will keep the current uptrend going in these numbers. Although there is no reason  for U.S. stock futures to turn negative, if, for any reason these numbers turn negative in the opening session, the trend will remain rangebound and traders can hope to see a bounce back from the support levels.

European stock markets had also rallies with U.S. stocks. DAX (Germany) had a 200 points rally on Friday. This uptrend in European stocks could continue to follow the trend in U.S. stock markets next week.

The broad yearly range is still in place for U.S. stock markets. We had been watching range support levels when these markets were falling and now, that these markets are rallying, we will keep an eye on range top levels. Most probably, U.S. stock markets are getting ready to break out of this range and start a new uptrend, making new historic highs

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US Stock Markets Today: Weekly Uptrend Continues

15 February 2019 (8:46am EST)

After starting the session with negative numbers, U.S. stock futures have staged a turn around and are now trading with good gains.

Dow Jones futures found support at session’s low levels (as we had written previously) and have rallied to rise 100 points higher. Other index futures are also trading highly positive. European stock markets are also trading with big gains, happily following the trend in U.S. futures.

A high opening will take major index near their previous opening levels and create a range bound trading pattern. The weekly and monthly trend is positive for U.S. stocks so after a higher opening, it is possible that these markets continue to climb and finish the week with more gains.

However, if U.S. stock markets face resistance after a higher opening, then the trend will remain confined within yesterday’s trading range.

Day traders can also take help of intraday pivot levels that we have provided on our Pivot Trading page. These numbers will indicate support and resistance levels for major indexes. These intraday pivot levels are:

Expect U.S. stock markets to trade within this week’s range. If major indexes start trading above yesterday’s high level, then it will indicate an intraday uptrend. If major indexes decline after a high opening, then the trend will turn range bound for this session.

Let markets create a clear intraday trend, then trade with that trend as long as the trend line is not broken.

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Indian Stock Markets Today: Choppy Near Technical Support Levels

15 February 2019 (9:05 am IST)

As we know, Indian stock markets have been trading in a a very definite range and have been having minor up and down trends within that range. Yesterday, these markets signaled that some support has started appearing near lower levels and that can keep these markets choppy today.

The immediate trading range will be between yesterday’s high and low levels Day traders must remain careful and wait till the initial volatile trading gets over. On hourly charts, Nifty’s RSI indicator has reached  oversold region, weekly charts has moving average support near 10,693- 10,661 and small traders might get trapped here if the take short positions. Follow the downtrend as long as continues to decline but also remain alert for any possible bounce back at current levels.

Day traders can also take help of intraday pivot levels given on our Pivot Trading page, to anticipate the intraday trading range in major indexes. These levels are:

Indian stock markets are expected to trade with choppiness near their current support levels. The overall trend may remain range bound and give buying/ selling opportunities near support and resistance levels.

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World Stock Markets Today: Choppy, Range bound Trend Continues

15 February 2019 (9:05 am IST)

14 February 2019 (10:35 pm EST)

U.S. stock markets had a highly volatile overnight session and closed with mixed numbers. Major Asian stock markets are following that choppy and mixed trend in this session.

SGX Nifty is almost flat, indicating a slightly lower/ flat opening in Indian stock markets today. U.S and European stock futures are negative but futures of Dow Jones are keeping above their nearby support level of 25,330.

As long as Dow futures are surviving above this support, day traders should remain caution about a trend reversal from today’s low levels in U.S. stock futures.

If that happens, it will support global stocks too.

Expect a choppy intraday trend in world stock markets where technical support and resistance levels will dominate the trend and different markets may show different intraday trend.

For day trading, follow these levels of your local index and trade with the short term trend. Overall, this week global stocks are range bound and so market volatility will remain high.

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US Stock Markets Today: Choppy, Range Bound Trend On Weak Data

14 February 2019 (8:54am EST)

U.S. stock futures have rapidly turned negative after weak economic data, including higher Jobless Claims and weak Retail Sales numbers.

Dow Jones futures had been trading 100 points higher but immediately turned negative after the economic reports were released. Futures of other indexes have also become negative, hinting at a negative opening in U.S. stock markets today.

That will create a rangebound intraday trend in these markets where major indexes will trade within this week’s high and low levels. We had already written about technical resistance zone facing these indexes and yesterday’s narrow range bound trend had confirmed that resistance.

However, the weekly trend is still positive in U.S. stock markets and traders should watch the major support levels to anticipate which way the broader  trend  will tilt.

Dow Jones has immediate support at 24,400 so a loss of -100 points at opening will take the index close to that support level. Technical charts of one hour and 30-minute timeframes can give good idea to day traders about the trend after the opening bell. Apart from that, we have given intraday pivot levels on our Pivot Trading page which will can also be helpful in finding intraday range level in major indexes. These pivot levels are:

Expect a choppy intraday trend in U.S. stock markets today. Futures are pointing to a gap down opening but after that, the initial trading pattern can turn volatile (if support levels are strong) or continue to decline (if resistance levels dominate the trend).

Day traders should wait for markets to get over the initial choppy period, then trade with the short term trend between support and resistance levels.

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Indian Stock Markets Today: Minor DownTrend Continues Towards Support Levels

14 February 2019 (8:00 am IST)

Indian stock markets are currently trading range bound and keep having minor up and downtrends within that trend. This week, these markets are declining from their range resistance levels.

Yesterday, major indexes fell down sharply near the closing bell. Nifty closed below its support of 10,800 and is now headed towards other supports of  10,700 and 10,600 respectively.

Day traders can use daily charts with Bollinger Band to see bigger support and resistance levels. For short term indications, use pivot levels given on our Pivot Trading page. For major indexes, these levels are:

SGX Nifty is pointing to a lower opening in these markets at the time of writing. After that, wait to see if markets are indicating stronger support or resistance and then trade in that direction with the short term trend.

Expect a choppy trend in Indian stock markets today. Like Bank Nifty, now Nifty also has weekly Options series and today, these weekly Options will expire. That may trigger more volatility in markets.

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World Stock Markets Today: Mixed, Subdued and Range Boundd Trend

14 February 2019 (8:00 am IST)

13 February 2019 (9:30 pm EST)

As expected, U.S. stock markets paused in their overnight session and traded in a narrow range with high volatility.

World stock markets are following that subdued trend and major Asian stock markets are trading with mixed numbers. SGX Nifty is more than -30 points lower in opening trade, indicating that Indian stock markets will continue with thiner minor downtrend.

U.S. and European stock futures are trading with single digit gains, that can drop below the red line any time. This weakness in futures of bigger markets could keep global stocks under pressure today.

Day traders should follow the trend in their local markets. Mostly, global stock markets are trading within. their previous range, be it monthly or weekly so intraday trading should be done keeping the bigger range in mind.

Expect a highly volatile and range bound trend in world stock markets in this session. Support and resistance levels will help day traders in deciding intraday trade entry and exit points.

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