World Markets Today: Subdued on North Korea Missile Launch Reports

15 September 2017 (8:47 AM IST)

14 September 2017 (11:18 PM EDT)

Reports of North Korea launching another missile over Japan has made global stock markets gloomy, especially in Asia. Most of the Asian markets are trading negative but funnily, the main Japanese index Nikkei is still positive.

U.S. and European stock futures are negative but not with any alarming margins. Only SGX Nifty is showing deep cuts, indicating a negative opening in India markets later today.

Expect global markets to trade with high volatility and remain within their weekly range. U.S. markets had a mixed session overnight with only Dow Jones closing positive and that trend may also weigh in on global stocks.

Watch the weekly range in your local index and trade within its support and resistance levels.

Good luck, enjoy the session!

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India Markets Today: Range Bound, Volatile Session

September 14, 2017 (8:23 AM IST)
Yesterday, Nifty and Bank Nifty had dropped low in the closing hour from their major resistance levels. Nifty had made a negative candlestick on charts for opening higher and closing lower. This indicates that either the index will trade negative once again of remain within previous session’s range.
For intra day trading, Nifty will have pivot mark at 10091. Support levels are expected at lower levels of 10050- 10022-9982 and resistance will come near 10119- 10160-10188
marks.
Watch these Nifty levels and follow the short term trend.
Good luck, enjoy the session!

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World Markets Today: Choppy, Range Bound, Slow Paced Session

September 14, 2017 (8:23 AM IST)
September 13, 2017 (10:53 PM EDT)
Global stock markets are now turning choppy and range bound as U.S. markets turn range bound at their historic high levels.
Asia markets are trading mixed in early session, SGX Nifty is marginally down and U.S., European stock futures are also trading below the red line.
Expect global stocks to trade with choppiness, remain within this week’s trading range. Major indexes will follow their local trend and respond to individual support and resistance levels as global cues become sideways.
Watch how your local index behaves and follow the short term intra day trend.
Good luck, enjoy the session!

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US Markets Today: Range Bound, Choppy Session

13 September 2017 (8:25 AM EDT)

As we had written previously, U.S. markets have touched all time high levels and major indexes may turn range bound here. On the other hand, as there is no major negative factor/news/ event dominating markets right now, so it is also possible that major indexes inch forward and venture higher than current levels.

The only marginally negative news has come from the tech giant Apple. A delay in availability  of iPhone X can have a negative influence on companies Q4 revenues and today, these speculations may affect the trading pattern of tech index Nasdaq.

So, wait and watch to see how the intra day trading pattern unfolds in major U.S. indexes, then trade accordingly. The trend may remain choppy and range bound.

Good luck, enjoy the session!

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US Markets Today: High Open, Range Bound Session

12 September 2017 (9:39 AM EDT)

U.S. markets have opened with a gap up but as we had discussed earlier, major U.S. indexes are near their current range tops and thus, their upward movement is expected to remain restricted.

Dow Jones is trading above 22,100 and has the range resistance near 22,179. The index has nearby support levels at 22,090 and 22,050. Likewise, other major indexes will also have their support levels near today’s opening and previous closing levels. The trading range may remain restricted between these supports and previous month’s high levels. Once those high levels have been crossed, we can look forward to new all time high records in U.S. markets and a new start of another leg of current uptrend. If that does not happen, then the current range will continue to dominate and U.S. markets will continue to trade sideways in a broader range.

Watch the current support and range resistance levels and trade within those levels with the short term trend.

Good luck, enjoy the session!

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India Markets Today: Choppy, Range Bound Session

12 September 2017 (7:37 AM IST)

SGX Nifty is indicating a higher open for India markets. But global cues are pausing at current levels and that may create a range bound major Indian indexes.

Nifty and Bank Nifty, like other global indexes, have been trading in a broad range and are currently traveling from support levels to resistance levels. Till those range resistance levels are reached, one can expect a slow but steady rise in these indexes.

For intra day trading in Nifty, pivot mark will be at 10001. Above this mark, resistance is expected near 10033-10061-10093 levels and support is expected near lower levels of 9973-9941-9913.

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

Good luck, enjoy the session!

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World Markets Today: Range Bound, Mixed Session

12 September 2017 (7:37 AM IST)

11 September 2017 (10:07 PM EDT)

Global markets are showing signs of a mixed session after Monday’s `marathon rally across various markets.

Being range bound, that rally has left little room for major indexes to move further. As a result, U.S. stock futures are now trading with little gains and European futures are trading marginally negative. Asia markets are also mixed. SGX Nifty had opened high but since then, this futures index has been trading range bound and refusing to advance ahead.

Expect global markets to face resistance at their current levels. Big indexes of U.S. and European markets have come close to their range tops and this may make them turn down and become volatile.

Watch the range levels of your local index and trade within those levels with the short term trend.

Good luck, enjoy the session!

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US Markets Today: High Open, Range Bound Session

11 September 2017 (8:59 AM EDT)

Like other global markets, U.S. stock futures are pointing to a big gap up opening in U.S. markets.

After that kind of open, is it expected that major U.S. indexes will remain range bound just like European markets that have been trading in a narrow range after initial high opening.

As we have been witnessing in last few months, global markets have been trading in a broader range and within that range, three other trading patterns- up, down and sideways have been taking place at different intervals.

Dow Jones is a classic example of this range -restricted pattern. This index had dropped to its range-support of 21,700 last week and is now headed to range resistance of 22,000.

A gap up opening usually ends in a slow paced, almost straight trading-line. If that happens in U.S. markets today, then traders will have to look for smaller profits within a narrow trading range.

However, there are also two trend-possibilities; one, where markets could continue to rise after a high opening and second, where major indexes may turn down from high opening levels and trade lower through the session. In these conditions traders can expect bigger profits by following the intra day trend.

Watch how markets behave after the opening bell and trade accordingly.

Good luck, enjoy the session!

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India Markets Today: Range Bound, Volatile Session

11 September 2017 (8:18 AM IST)

SGX Nifty is indicating a gap up opening for India markets today.

Nifty and Bank Nifty had been strictly range bound in recent many sessions and that trading pattern may continue this week also.In such conditions, these indexes will have two possible intra day trend patterns; either a high open and lower closing; or a high open and then continuous higher trend.

For nifty, intra day pivot is at 9937 and resistance will come above this mark, near 9961-9987-10001 levels. Support is expected near lower levels of 9910- 9886-9860.

Watch how Nifty trades near these levels after the opening bell, then follow the short term trend.

Good luck, enjoy the session!

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World Markets Today: Starting the Week with Relief Rally

11 September 2017 (8:18 AM IST)
10 September 2017 (10:48 PM EDT)

Global stock markets have started a new week with a relief rally. Markets had closed with anxieties last week that North Korea will probably test another missile over the weekend.

But that did not happen and as a result, everywhere, stocks are showing big jumps.

Asian markets are trading positive in early hours. SGX Nifty has gained big numbers, indicating a gap up opening in India markets later today. U.S. and European stock futures are rallying, indicating a positive open in these big markets if nothing goes wrong later in the session.

However, global markets will still remain range bound and choppy and will continue to trade within their broader weekly range like previous couple of weeks. That means, traders should watch major support and resistance levels of their local indexes and trade within those levels for short term profits.

Good luck, enjoy the session!

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