Indian Stock Markets Today: Make or Break Trend Day for Nifty Trading

15 January 2018 (8:06 AM IST)

Although SGX Nifty is trading with +38 points gain, the charts of SGX Nifty are showing worrisome signs.

Similarly, Nifty charts and other technical charts of major Indian indexes have developed a   signal that can either turn into a bearish trend reversal or, a bullish trend continuation.

Today’s closing will clear which of these two possibilities will dominate the day trading trend in Indian stock markets now.

Last Friday, Indian stock saw a highly volatile day trading pattern. Markets opened high, then dropped with big numbers on news reports of 4 sitting Supreme Court judged revolting against the Chief Justice of Indian.

After the slide, came a reversal and Indian markets again climbed back to close near days opening levels. This made a “hanging man” candlestick  pattern in Nifty’s chart as well as in other indexes. In technical analysis, this candlestick pattern can go either way; a bearish trend reversal if made at the top after an uptrend, or a continuation of that uptrend.

Nifty Alert

“Hanging man” candlestick pattern in Nifty.

A similar candlestick pattern can be observed in other major indexes; Bank Nifty and Sensex.

However, Nifty IT is on a different track and had taken a breather in its uptrend (just as we had reminded readers, that a pause was ahead for this Indian tech index). Nifty IT is on a strong uptrend and trading differently from other major indexes.

Bank Nifty is still range bound and still faces a major resistance  zone between 25,750- 25,850.

Going by Nifty chart technical analysis, the index faces a risk of “opening high, but closing lower that opening levels.” Please remembers, it is just a possibility. The other day trend possibility for Nifty will be, it opens high and continues to trade higher.

Where will Nifty face support and resistance today? That is easy to predict with the help of pivot levels.

For day trading in Nifty, intraday pivot will be at 10,656. The index can face resistance near higher levels of 10,715-10,749-10,808, and support is expected near levels of 10,622 -10,592-10,528.

You can find today’s support and resistance levels for all major indexes in Indian stock markets on our pivot trading page. Or here are those levels for your conveniece:

Nifty support and resistance levels

Bank Nifty support and resistance levels

Nifty IT support and resistance levels

Sensex support and resistance levels

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World Stock Markets Today: Positive Opening in Asia Markets, Day Trend Volatile

15 January 2018 (8:06 AM IST)

14 January 2018 (9:36 PM EST)

U.S. stock markets had seen another massive rally on Friday last, before closing for a long weekend.

Asian stock markets have opened with positive numbers across the broad, following the uptrend in U.S. stocks, but today, U.S. stock markets will remain close on Monday for Martin Luther King, Jr Day. That means, the intraday trend in world stock markets will depend on local cues and day trading can turn volatile.

At the time of writing, All major Asian stock indexes are trading in the green, but with only slightly margins. SGX Nifty has gained with there Friday rally in U.S. stock markets and is trading today with high numbers, indicating a higher opening in Indian stock markets today. But, charts are indicating risk signals for SGX Nifty and its intraday trend can become choppy.

U.S. and European stock futures are trading with gains, but currency markets are indicating a trend change in the Dollar index, which can have some impact on global stocks.

After falling continuously, the Dollar index seems to be bouncing back from its major support of 90.50. A recovery in dollar will be negative for smaller currencies and could affect trading in those stock markets that see negative impact of a high dollar.

In European stock markets, DAX (Germany) is still flashing negative signals and is showing weakness on political instability.

Overall, the opening session is positive in world stock markets but the day time trading can become volatile and mixed. For day trading, this would mean that day traders have to go by intraday trend in their local indexes and trade with the short term trend.

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US Stock Markets Today: Trend Turns Choppy, FaceBook Shares Drop

12 January 2018 (9:06 AM EST)

  • Earnings season has started and U.S. stock markets can turn choppy as big companies announce their quarterly results.
  • Facebook shares have fallen by more than -5% in Pre market trading.
  • Apple shares are trading  positive in pre market session, indicating support to the stock.
  • Dow Jones futures are trading positive, but S&P 500 and Nasdaq futures have turned negative.

The intraday trading trend in U.S. stock markets can turn choppy now, as earning season starts and various companies declare their quarterly results.


Facebook (Nasdaq: FB)  is prominent among stocks making big moves in pre market trading. The tech companies shares have fallen by more than -5% before the opening bell in markets on reports of changing its new feed which will have negative impact on its news readership.

 Apple (Nasdaq: AAPL) is trading slightly positive in pre market trading but the stock is trading near its range resistance levels and may turn range bound at current levels.

Today, Dow Jones futures are still trading positive but futures of S&P 500 and Nasdaq have turned negative after a healthy start, indicating a mixed and volatile day trend in U.S. stock markets after yesterday’s big rally.

Day trading in such market conditions becomes quite uncertain and day traders should have short targets with exits planned near support (if selling stocks) or resistance (if buying stocks) levels.

If you are day trading in U.S. stock markets for a living, then utilize these intraday support and resistance levels of major U.S. indexes, given on our Pivot trading page. These include:

Dow Jones Pivot Levels for Intraday Trading

Nasdaq 100 Pivot Levels for Intraday Trading

S&P 500 Pivot Levels for Intraday Trading

Russell 2000 Pivot Levels for Intraday Trading

A mixed intraday trend would mean day traders will have to focus on their chosen stocks or indexes and trade within the pivot levels of that entity. Support and resistance levels will be the best intraday trading tools in such market conditions.

Use those tools and trade with the short term trend which may remain highly volatile in U.S. stock markets today.

Yesterday’s trend analysis in U.S. stock markets:



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Indian Stock Markets Today: Nifty Looking for a Breakout, Reach New High

12 January 2018 (8:36 AM IST)

  • SGX Nifty is trading with big gains, indicating a positive opening in Indian stock markets today.
  • Even a small gap up opening will take Nifty above its current range and reach new high.
  • Both Nifty and Bank Nifty found strong support near day’s low levels yesterday, which is a positive indication for these indexes.
  • Nifty IT has been in a strong uptrend.

Indian stock markets are expected to open with positive numbers, as indicated by higher trend in SGX Nifty today. Nifty had turned strictly range bound in last few sessions and a gap up opening will help this index stage a breakout from that range. Nifty has been finding strong buying support near 10,580- 10,600 levels in these sessions, establishing this as a range support zone.

Bank Nifty also found similar strong buying support near its own support level of 25,520, making it a new range support. Nifty has been in an uptrend, but Bank Nifty has been strictly range bound and showing weakness. This new found support in Bank Nifty may help Nifty and broader markets in going forward.

Nifty IT index has been continuously rallying in recent session. The index has had two big breakouts in last 3 weeks and is expected to continue rallying forward. Although yesterday’s chart are showing a top hammer which can indicate a small correction ahead due to profit booking. If Nifty IT can trade above its previous high mark, then the rally will continue.

For intraday trading in Nifty, its pivot mark will be at 10,642. Resistance is expected near higher levels of 10,673-10,694 and 10,725. Support is expected near lower levels of 10,620 -10,590 and 10,568.

For intraday trading, here are major support and resistance levels (pivot levels) for Indian indexes:

Nifty Day Trading Pivot

Bank Nifty Day Trading Pivot

Nifty IT

Sensex Day Trading Pivot

Day traders can take help of these level to plan their trade entry and trade exit levels for day trading in Nifty and other stock indexes.

Last sessions’ technical trend analysis in Indian stock markets

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World Stock Markets Today: Mixed Trend after Massive Rally in US Stocks

12 January 2018 (8:36 AM IST)

11 January 2018 (10:07 PM EST)

  • U.S. stock markets saw a massive rally in their overnight session.
  • Asian markets have opened with mixed trading trend after that.
  • SGX Nifty is nearly +40 points higher, indicating a gap up opening in Indian stock markets today.
  • The Dollar index continues to trade negative as euro rallies.

U.S. stock markets saw a massive rally in their overnight session after reports about China not buying U.S. bonds turned out to be untrue. Dow Jones closed with +200 points gains. S&P 500 and Nasdaq also rallies to add nearly 0.80% gains to their numbers.

But not all Asian stock  markets are showing higher day trading trend. There is a mixed intraday trading trend in major Asian markets with some indexes trading negative and some with positive numbers.

SGX Nifty is trading today with nearly +40 points gains, indicating a gap up opening in Indian stock markets soon.

The Dollar index continues to trade in the red as its counterpart euro has been rallying since yesterday on reports that the European Central Bank is getting ready to wind up its stimulus program. A surge in euro has put pressure on European stock markets that saw a negative intraday trend yesterday.

U.S. and European stock futures are almost flat in early session, not indicating trend.

Global stock markets are expected to continue their intraday trend on local cues and have a mixed trading pattern. Day traders should observe the trend in their local index and trade with it.

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US Stock Markets Today: Choppy Trend after Disappointing Labor Market Reports

11 January 2018 (8:30 AM EST)

  • The day trading trend in U.S. stock markets is expected to remain choppy, mostly range bound.
  • U.S. stock futures have recovered after reports than Chain news about not buying U.S. bonds was “fake”.
  •  However, reports from the U.S labor markets have been disappointing today. Initial Jobless Claims have gone up and PPI (Producer Price Index) numbers have come below expectations, sending the Dollar index down.
  • Euro is also trading higher, putting pressure on the Dollar index.

U.S. stock futures have recovered marginally after China refuted reports that it is thinking of stopping or pausing purchase of U.S. bond.

However, the day has not been good for the Dollar index that dived lower after Euro surged on speculations that the European Central Bank is preparing to wind up it asset- purchase program (QE). The Dollar index has also come under pressure after lower than expected labor market reports from the U.S. economy. Jobless Claims have grown and PPI had shrunken, indicating sluggish economic growth.

In pre market movers, Apple is agains trading positive after a bounce back yesterday from its important support level (173). We had previously discussed day trading strategies in Apple and those are still good to implement at current levels.

The intraday trend in U.S. markets is expected to remain choppy and mostly range bound.

Overall, these markets are in a very strong uptrend with some slow paced days thrown in between.

To know how major indexes will trade today, you can take help of intraday support and resistance levels for those indexes from our Pivot trading page. Or check here:

Dow Jones Intraday trading levels

Nasdaq 100 Intraday trading levels

S&P 500 Intraday trading levels

Russell 2000 Intraday trading levels

How were conditions yesterday? A look at previous session’s intraday trend analysis in U.S. stock markets

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Indian Stock Markets Today: Choppy Day Trend in Nifty, LTCG Tax Worries Back

11 January 2018 (8:18 AM IST)

  • SGX Nifty is trading negative today, indicating a flat or negative opening in Nifty and broader Indian stock markets.
  • Indian stock markets are facing negative global cues.
  • Previous worries of Long Term Capital Gains (LTCG) tax on equities have returned, which may put pressure on Indian stock markets.
  • Bank Nifty continues to trade in a range and show weakness.

Indian stock markets are facing negative global intraday trend today, which may also keep day trading subdued in these markets.

Nifty and other major indexes had a negative closing yesterday, but remained range bound. That range bound day trading trend may continue in today’s session. Bank Nifty continues to show a weak and range bound trend.

There are reports that experts have recommended that the government should implement Long Term Capital Gains (LTCG) tax on equities. These tax worries have earlier also haunted Indian stock markets and now, before the Union Budget, investors may fret about the outcome of these recommendations.

For intraday trading in Nifty, pivot trading will be the best trading tool. That means, day traders should watch support and resistance levels, observe how the index trades near those levels and then follow the short term trend.

Nifty’s intraday pivot for today will be at 10,626. The index will face resistance near higher levels of 10,660-10,689-10,723 and support levels are expected to be near 10,598 -10,564-10,535.

You can read yesterday’s Indian stock market trend analysis, to see how markets have been hinting at a weakness recently.

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World Stock Markets Today: China Bond Policy Causes Negative Intraday Trend

11 January 2018 (8:18 AM IST)

10 January 2018 (9:57 PM EST)

  • Asian stock markets are trading negative after a negative close in U.S. stock markets in overnight session.
  • U.S. stocks fell after reports that China is considering to slow or even halt its purchase of U.S. bonds.
  • China’s reported intention triggered a sell off in U.S. bond markets, pulled down the Dollar index and stocks.
  • SGX Nifty is trading negative, indicating a negative opening in Indian stock markets.
  • U.S. and European stock futures have turned negative, indicating the pressure will remain on stock markets’ intraday trading trend.

Asian stock markets have started the session with all round negative numbers after a highly volatile and negative session in U.S. stock markets overnight.

Although U.S. markets recovered quite a bit by the closing bell, the opening was highly negative for U.S. stocks as major indexes had opened with negative numbers.

Tis negative trend in U.S. stock markets was triggered by reports that China could potentially stop, or at least halt its purchase of U.S. Treasury bonds.  China is the biggest buyer of U.S. bonds and as a result of this news, U.S. bond markets saw a sell off, bond yields rose, the Dollar index fell and U.S. stock markets opened with considerable negative numbers in their overnight sessions.

SGX Nifty is down by -22 points in early trading today, indicating a somewhat negative or flat opening in Indian stock markets.

U.S. and European stock futures have also turned negative in early trading session in Asia, indicating that these bigger markets may continue to be under pressure on U.S.-China trade worries.

After recent rally, this drop in stock markets will bring world stocks within their previous trading range. That means day trading trend will be  range bound and the best day trading toll will again be pivot levels. Day traders can use these levels to find intraday support and resistance levels and trade with the short term trend within those levels.

Technical charts of various stock indexes had already been flashing warning signals that something was going wrong in stock markets, and we had reported it in our previous stock markets’ analysis.

Read those previous reports of trend analysis in world stock markets.

Previous Trend analysis of U.S. stock markets.

Previous Trend analysis of Indian stock markets.

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US Stock Markets Today: Dollar Index, Stock Futures Fall, Gold Rallies on Fear

10 January 2018 (8:48 AM EST)

  • U.S. stock market futures are trading highly negative,  indicating a lower opening.
  • The Dollar index had a sudden and steep fall earlier.
  • Gold futures are rallying as equities and dollar fall.
  • European stock markets are mostly trading negative today

A few hours ago, the Dollar index fell sharply and U.S. stock futures plunged to deeply negative levels. Dow Jones futures had fallen more than -100 points at that time, indicating a sudden trend reversal in day trading after yesterday’s rally.

This fall could be due to renewed negative news reports about Trump administration and Gold futures surged to near 4-months’ high on fears of softer dollar and equities.

European stock markets are mostly trading highly negative. DAX (Germany) is down by more than -1oo points at the time of writing.

We had written earlier about how U.S. stock markets had started showing a mixed trend and it was indicative of increasing volatility in markets. Today’s negative opening will only confirm what intraday trend in U.S. stock markets had been hinting at in last couple of sessions.

A drop from previous high levels will keep major U.S. indexes range bound and will be excellent for pivot trading. Day traders can use intraday support and resistance levels to time their trade entry and profit booking time. This levels, usually called pivot levels, will also indicate the intraday trading range. You can find these intraday pivot levels for major U.S. indexes on our Pivot trading page: or just here-

Dow Jones Pivot Trading Levels

Nasdaq 100 Pivot Trading Levels

S&P 500 Pivot Trading Levels

Russell 2000 Pivot Trading Levels

Nasdaq futures are trading with nearly -0.50% loss at the time of writing. Its major component, Apple (AAPL) is also trading down by almost similar margin in pre market session.

If you are a day traders and seek to earn you living by trading in Apple’s shares, then it would be an excellent idea to check our technical analysis of Apple’s charts for day trading.

Here is Apple’s intraday trading chart:

apple stock technical support levels

Apple’s chart in 15- Minutes frame shows sideways pattern after a rally

Just as we had pointed out in that analysis, Apple was range bound and was ready to reverse its trend from the range- top. Charts never lie and if you are a day trader, then trading with support and resistance levels in Apple shares will be the best intraday trading strategy.

Previous analysis of intraday trend in U.S. stock markets:

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Indian Stock Markets Today: Nifty Trend Sideways, Day Trading Choppy

10 January 2018 (8:51 AM IST)

  • SGX Nifty trades in a narrow range.
  • Indian stock markets may see a subdued opening.
  • Nifty trend analysis shows some weakness in the index.
  • Take help of Pivot levels for Nifty intraday trading.

Like other global stock markets, SGX Nifty its also trading subdued today, indicating a weak opening in Indian stock markets. Nifty’s trend has turned sideways and the index is facing resistance near its current levels.

As we had written in our previous Nifty trend analysis, the index is showing some weak signals on technical charts and can face some correction from current levels.

For intraday trading in Nifty, its pivot mark will be at 10,633. That means, below this mark, Nifty will face resistance from this level and may trade negative. Higher levels of resistance will be 10,662-10,688-10,718. Below the pivot of 10,633,

Nifty is expected to get support near 10,607 -10,577-10,551 levels. Range bound markets become very choppy and dhow sudden movements within intraday support and resistance levels. Day traders should watch carefully and trade with the short term trend.

Read our previous technical analysis of Nifty charts

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