Indian Stock Market Today: Choppy, Range Bound Trend Continues

17 April 2018 (8:23 AM IST)

SGX Nifty trading flat in its early session,  indicating that it is waiting for Nifty to open and decide on its intraday Trend.

Indian stock markets have been enjoying a long bounce back from support level and Nifty and Sensex have now crossed above their important moving averages, signaling strong support.

Only Bank Nifty is this still facing resistance near 24,411 level.  If this banking index jumps above this resistance than Indian stock market can continue with their current uptrend.

Till now, support levels have been stronger in Indian stock market compared to resistance levels.  In last many sessions, major indexes have found a strong support and have refused to go down below those levels.  Yesterday also, in spite of a very low opening, Nifty rose from it lower levels  and rallied to close with good gains.

Today also Indian stock markets are expected to trade within their current support and resistance levels. Global cues are still not trending in any direction, So Indian stock markets will continue to trade on their own.

For intraday trading, Nifty has pivot mark at 10,488. Above this level, the index will have more chances to trade positive and try to reach resistance levels of 10,580-10,632- 10,724. If Nifty trades below its pivot mark. then it can try to reach support levels of 10,436- 10,344-10,292. Nifty’s previous high and low marks of 10,540 and 10,396 will create its immediate trading range.

Pivot levels for major Indian stock indexes are given on our Pivot Trading page. Day traders can find those level on these links too:

The intraday trend will remain choppy in these stock markets.

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World Stock Markets Today: Volatile, Mixed Trend Continues

17 April 2018 (8:23 AM IST)

16 April 2018 (10:54 PM EDT)

U.S. stock markets closed highly positive in there overnight session. However, Asian stock market are trading with a mixed trend, indicating that market volatility is still dominating the intraday trading pattern  in world stock markets.

U.S. stock markets continued to make higher lows on technical charts, which is usually a positive signal.  Although this positive trend has been very slow, and the current resistance levels are still dominating U.S. stock indexes,  technical signals at this time favor a continuous rise in these markets, even if the gains remain restricted.

At the time of writing,  U.S. Stock futures are positive,  European stock futures are also showing healthy gains, hinting at a range bound trading pattern in these market.

Asian stock markets are trading mixed with some red and some green numbers. SGX Nifty  is flat, waiting for Indian stock market to open and decide their intraday Trend.

Global stock market are expected to trade within their individual range on local and technical cues. U.S. Stock Market are waiting for a breakout from their current resistance levels and if an when that happens, a clear trend can emerge in global stock market. Otherwise, the sideways trend will continue to dominate all markets.

Day traders should consult the support and resistance levels of their local index and trade within those levels with the short term trend, which will continue to roam  between those levels.

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US Stock Markets Today: Will Dow Jones Start a New Uptrend?

16 April 2018 (8:47 AM EDT)

U.S. stock futures are rallying today, indicating a gap up opening in U.S. stock markets soon.

High futures are indicating an opening above previous session’s opening levels, from where markets had dropped and closed in the red last Friday.

Dow Jones futures are now nearly 200 points higher and that given hope of a breach in its previous strong resistance near 24,500. Dow Jones had fallen below this level almost a month ago and since then, the index had been unable to break out of this strong resistance.

Today’s gap up opening will take it above that levels and if the index survives above 24,500, then we can expect a new wave of uptrend with a new target or 24,900.

Although U.S. stock markets are still broadly range bound but a new support had emerged earlier this month when bears failed to drag markets below February low. Since then major indexes have been inching up and making “higher lows” that signals a short term uptrend.

Day traders should keep an eye on intraday support and resistance levels to see how the trend develops for the day. These levels for major U.S. indexes are given on our Pivot Trading page. Same can be found on these links too:

U.S. stock markets may continue to trade with volatility and roam between previous support and resistance levels. The closing levels of Dow Jones will indicate if today’s higher opening will push U.S. stock markets above their previous resistance or if markets will continue to trade within last week’s trading range.

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Indian Stock Markets Today: Volatile, Monthly Range Bound Trend

16 April 2018 (8:10 AM IST)

SGX Nifty is trading highly negative on global and technical cues, indicating a negative opening in Indian stock markets today.

After trading up for last three weeks, major Indian stock indexes have completed their monthly range and had closed right at their monthly resistance last week.

Going by the negative start in SGX Nifty, it seems that subdued  global cues and this technical resistance will keep Indian stock markets within their last week’s trading range.

It also means that last week’s volatile trading pattern will continue in Indian stock markets where major indexes can keep bouncing back within their support and resistance levels.

You can find these levels for major Indian stock indexes on our Pivot Trading page.

For intraday trading in Nifty, its pivot mark will be at 10,483. Resistance levels are  10,516-10,552- 10,584 and intraday support is expected near 10,448- 10,415-10,379. Here are intraday support and resistance levels for major Indian indexes:

Indian stock markets may continue to trade within their broad range and remain volatile on global cues. Day traders should watch carefully for any support after a negative opening.

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World Stock Markets Today: Volatile, Rangebound, Mixed Trend Continues

16 April 2018 (8:10 AM IST)

15 April 2018 (10:40 PM EDT)

World stock market have started this new week with mixed numbers and choppy trend, with mostly a range bound trading pattern.

Global stocks are expected to remain subdued on behind the scene geopolitical tug-of-war between two powerful political forces. Syria is the chessboard where these political games are being played. So, one power pretended of a chemical attack on Syrian citizens a few days ago ad demanded punishment for culprits. The other power pretended to attack those culprits last weekend with a few missiles and said that the task was completed.

U.S. stock futures are trading positive, indicating a range bound trading pattern in U.S. stock markets. Asian stock markets are mixed. SGX Nifty is highly negative, again confirming a range bound trading pattern in Indian stock markets too.’

Expect global stock markets to remain confused and trade with choppiness within their weekly/ monthly range.

Day traders should check what resistance or support is playing a major role in their local index and follow the short term trend within those levels.

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US Stock Markets Today: High Opening, Choppy Session Ahead

13 April 2018 (9:07 AM EDT)

U.S. stock futures are rallying on better than expected bank earnings. The only factor that can trigger a choppiness in U.S. stock markets is a technical one.

If that hurdle is crossed, then theses market can proceed to accumulated some healthy gains.

This hurdle is a strong resistance for Dow Jones (24,600) which the index has failed to break multiple times this week.

If today’s high opening helps Dow Jones sail over that resistance, and the index stays above it, then it can try to recapture 25,000 within. a few session.

Apart from that, all other worries seem to have disappeared for the time being for U.S. stock markets and this closing session of the week looks like it will either have a continuous high climbing session for major indexes, or arrange bound one where major indexes will keep close to their previous session’s high mark.

Day traders can check intraday support and resistance levels for major U.S. indexes on our Pivot Trading page, and follow those levels to see how the trend develops in U.S. stock markets today. The same can be find in these links:

If Dow Jones stays above its resistance levels and President Trump does not tweet any new controversial comment, then U.S. stock markets could see a smooth and positive session today.

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Indian Stock Markets Today: Mixed Trend in Major Indexes

13 April 2018 (8:42 AM IST)

Indian stock markets could see a mixed trend today in their different major indexes. Nifty has shown more inclination to go higher but Bank Nifty has been hesitating near its current resistance levels.

Global cues are also mixed. Nifty had closed just above its short term Moving Averages yesterday, indicating a positive trend but Bank Nifty stayed just below its imprint MA, showing some hesitation in joining Nifty in a new uptrend.

Nifty still faces range resistance near 10,480- 10,500. If Nifty crosses over this zone, then the index will be back in its uptrend.

Today’s intraday pivot for Nifty will be at 10,441. Resistance levels will be near  10,487-10,515- 10,561 and support comes near 10,412- 10,366-10,337. Its previous range was between high and low of 10,469 and 10,395 mark, These marks will create its immediate trading range.

Watch these levels and trade with the short term trend. Pivot levels of other Indian stock indexes are given on our Pivot Trading page. Or you can find those here also:

Expect a range bound and choppy intraday trend in Indian stock markets today.

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World Stock Markets Today: Weak Trend Under Pressure of Geopolitical Worries

13 April 2018 (8:42 AM IST)

12 April 2018 (11:12 PM EDT)

World stock markets have opened with mixed umbers ad a choppy trend as Syria conflict takes centerstage ad puts pressure o U.S. stock markets.

Although trend-setting U.S. stock markets closed with gains, U.S.stock are trading negative in open hours, indicating a strictly range bound trading pattern in these markets.

Major Asian stock markets are trading mixed. SGX Nifty is positive but almost flat, indicating a similar opening in Indian stock markets today.

Expect global stock markets to trade with high volatility and remain within their weekly/ monthly range. U.S. stock futures will lead the trend and any sudden movement in those numbers- in any direction, can cause much choppiness in other stock markets too.

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US Stock Markets Today: Range Bound Trend, Resistance Ahead

12 April 2018 (9:00 AM EDT)

Although U.S. stock futures are trading with healthy gains, but it looks like U.S. stock markets have given up their previous inclination of going higher and could remain within their weekly range.

Hourly charts show this more clearly where Dow Jones has shown resistance near 24,400 and then near 24,600. This last resistance has stopped the index from going higher in last three weeks.

On daily charts, Dow Jones has made “lower high’ pattern in last 5 sessions, which is usually a weak signal.

Today’s high futures indicate that major indexes will open near their previous session’s high levels, which has also turned into new resistance levels now. If major indexes succeed in closing above previous high levels, then it will demonstrate support coming in again.

However, if major indexes turn range bound near those levels, or even turn down, then it will reinforce resistance levels and create a new, lower trading range for major indexes and broader U.S. stock markets.

Day traders should wait after the opening bell and let markets develop a trading pattern and once a chela trend emerges, then trade with the trend. This short term trend will remain range bound so day traders should consult intraday support and resistance levels to see which way the trend leans. These levels for major U.S. indexes are given on our Pivot Trading page. Same can be checked here also:

Expect a choppy trading session in U.S. stock markets today, where weekly range will continue to dominate markets.

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Indian Stock Markets Today: Volatile on Technical, Global Cues

12 April 2018 (8:36 AM IST)

As we had written previously, major Indian stock indexes are trading close to their weekly 20Day Moving Average, which is acting as a resistance and stopping these indexes from going forward.

Nifty has this resistance near 10,450 and Bank Nifty’s weekly resistance is near 25,350.

This week, Indian stock markets have trade in smaller range near these levels and subdued global cues have also stopped these markets from crossing above these technical hurdles.

This range bound trend will continue till major indexes make any major move, either above these resistance levels or below.

For intraday trading, Nifty’s pivot mark will be at 10,400. Support is expected near 10,372- 10,327-10,299 and resistance could come near 10,445-10,472- 10,517 levels. Nifty’s had traded in a range of 10,428 (high) to 10,355 (low) in the previous session. These marks will create its immediate trading range.

Bank Nifty’s pivot will be at 25,085. Its intraday support levels are 24,963- 24,828- 24,706 and intraday resistance is expected near 25,297- 25,368- 25,457.

Watch these pivot levels and trade with the short term trend which is expected to remain choppy.

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