World Markets Today: Currency, Regional Cue Dominate Mixed Trend

9 November 2017 (8:35 AM IST)

8 November 2017 (10:12 PM EST)

Stock markets around the world are trading mostly on currency and regional cues and showing mixed trend.

The rising dollar is bad news for emerging markets but good news for some Asian markets as yen falls, boosting regional stocks.

U.S. markets have taunted in to a a minuscule trading range, waiting for progress on tax reforms and Russia collusion probe about Trump’s 2016 residential elections.

Expect global markets to trade in different patterns based on regional cues. At the time of writing, all numbers are looking positive in global stocks- All Asia markets are positive, U.S. and European futures are positive and SGX Nifty is also about 22 points higher after straight falls in two sessions.

Watch the local intra day trend and follow it, as bigger markets have paused in their current range.

Good luck, enjoy the session!

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US Markets Today: Choppy, Narrow Sideways Trend Continues

8 November 2017 (8:52 AM EST)

U.S. stock futures have been sluggish through the global session and even now, the numbers are mixed and single digit, indicating a narrowly range bound session in U.S. markets once again.

This subdued trend is also triggered by the defeat of Republicans in Virgina and New Jersey governors’ race, which the New York Times called “a suburban rebellion against president Trump.”

U.S. markets have been rallying on Trump’s pro-corporate policies ( in the form of tax cuts) and a shift in the balance of nation’s political power can make markets more apprehensive, which have already been spooked by Russia-cllusion probe of 2016 presidential elections.

Expect U.S. markets to trade in a choppy manner. The trend has been mostly sideways and the trading range has been quite narrow in major indexes. Expect a similar trend in today’s session too. This sideways trend will continue till markets find a reason to make a big move- in either direction.

Till then, watch the support and resistance levels in your chosen stock or index, and trade with the short term trend within those levels.

Good luck, enjoy the session!

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India Markets Today: Volatile Trading, Range Bound Pattern

8 November 2017 (9:00 AM IST)

India markets lipped from their high level yesterday, as rupee had a major fall  against dollar.

That makes major indexes range bound within their previous week’s high and low levels. If these markets fall below previous week’s low, that may indicate a feeling pressure and a short term negative trend may develop.

For intra day trading in Nifty, pivot mark will be at 10392. Support levels will be below this mark, near 10298-10247-10153 and resistance levels are expected near 10490-10528-10566.

Watch how the intra day trend unfold, then trade within these Nifty levels.

Good luck, enjoy the session!

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World Markets Today: Volatile, Mixed Pattern on Currency, Geopolitical Cues

8 November 2017 (8:34 AM IST)

7 November 2017 (10:21 PM EST)

Global markets are trading with mixed and highly volatile pattern and this pattern in expected to continue through the session on currency moves and geopolitical worries.

The Dollar index jumped against other currencies yesterday, sending Japan markets high as yen slipped, and India markets down as rupee fell against dollar.

The U.S. president Trump is on Asia tour and is making usual threatening noises against North Korea, casting a cloud of worries over global stock markets. U.S. stock futures are trading negative on these worrisome notes. European futures are also negative.

Asia markets had started their session with mostly negative numbers but now, some of these have turned positive. SGX Nifty is flat, indicating a similar opening in India markets.

Expect global stocks to trade with highly volatile pattern and remain range bound within their broader range. Individual markets may see different intra day trend.

Watch that trend in your markets and trade with it.

Good luck, enjoy the session!

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US Markets Today: Range Bound, Mixed and Choppy Session

7 November 2017 (9:03 AM EST)

U.S. stock futures are trading mixed and in a choppy manner, indicating a similar trading pattern in broader U.S. markets after the opening bell.

Tensions about North Korea, power struggle in Saudi Arabia and friction in the Middle East is expected to keep markets subdued and within last two week’s trading range.

European markets are trading mildly negative and in a very narrow range. U.S. markets may follow a similar trend.

However, traders should always watch how the intra day trend unfolds after the opening bell and decide upon their trading strategies accordingly.

The overall trend in still up in U.S. markets, but the short term trading pattern is turning sideways now and the trading range is getting narrower.

Such situations usually culminate in a major move, either in up or down direction.

So watch how major indexes trade and trade accordingly.

The intra day trend may turn positive or become range bound by turning lower within the support and resistance levels of last few sessions.

Good luck, enjoy the session!

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India Market Today: Positive Opening, Higher Trend

7 November 2017 (8:59 AM IST)

SGX nifty is trading almost 40 points higher in the early session, hinting at a gap up opening in India market.

Nifty and Bank Nifty have been trading up, and and a higher opening will take these major indexes towards new record highs.

For intraday trading in Nifty, the pivot point will be at 10,452.

Resistance levels will be near 10490-10528-10566 and support is expected near 10413-10375-10336.

Watch these levels and trade with the intra day trend.

Good luck, enjoy the session!

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World Market Today: Positive Start, Up Trend Intact

7 November 2017 (8:49 AM IST)

6 November 2017 (10:22 PM EST)

US markets traded in a narrow range in their overnight session, but closed positive, indicating that the uptrend is intact in these markets.

As a result, Asia markets are mostly trading positive today.

US and European stock futures are also trading positive. SGX Nifty is highly positive indicating a gap up opening in India market today.

The uptrend in global stock markets is still going strong and it seems, we are going to see a positive session today. The intraday trend will either continue to climb up, or turn sideways.

Traders should watch the local trend and trade accordingly.

Good luck, enjoyed the session!

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US Markets Today: Choppy, Mixed Trend, Positive Sentiment

6 November 2017 (9:05 AM EST)

Just as we had predicted in our previous post, U.S. stock futures have recovered smartly  even though these have stared with highly negative numbers when global stocks had started the session in Asia, on political turbulence in Saudi Arabia.

Right now, future are indicating slightly higher opening in U.S. markets. Dow Jones has been literally inching forward in last few sessions towards 23,600 mark. In last two weeks, this mega index had traded in a minuscule range. It is possible that a similar narrow trading range will continue in this index and broader markets because of the worries about Russia collusion probe by DOJ special councel Robert Mueller.

The overall trend is still indicating upwards in U.S. markets. Major indexes may trade within last week’s high and low levels, or continue to climb higher.

Watch how the intra day trend takes shape after the opening bell, then trade with the same.

Good luck, enjoy the session!

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India Markets Today: Volatile on Global Cues

6 November 2017 (8:48 AM IST)

SGX Nifty is nearly 40 points down in early trade on global volatility as other markets slip on reports of a power struggle in Saudi Arabia.

After this initial reaction, India markets may trade on global cues and remain highly volatile.

Technically, major India indexes had staged a breakout last week and were in an uptrend. Now, on global cues, then trend may either pause, or, if global cues improve later, then the positive trend will possibly resume in these markets.

Nifty has intra day pivot at 10439. Intra day resistance levels are near 10474-10497-10533 and support is expected near 10416-10381-10358.

Watch these levels and see how the intra day trend develops in Nifty. Previously it was up, now it may turn sideways pr negative depending upon how global markets trade.

Good luck, enjoy the session!

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World Market Today: Volatile, Under Pressure on Middle East Turbulence

6 November 2017 (8:27 AM IST)

5 November 2017 (10:00 PM EST)

Global stock markets have opened a new week with highly negative numbers on reports of a turbulent power struggle in Saudi Arabia and tensions in the Middle East over the weekend.

First, Lebanon’s  Prime Minster resigned during a visit to Saudi Arabia, citing a threat to his life. Then Saudi Arabia reported intercepting a missile from Yemen and over the weekend, 11 powerful Saudi princes and businessmen were arrested on corruption charges. One Saudi prince died in a helicopter crash.

These events are being seen as a power struggle in Saudii Arabia and will have complications for Oil prices and overseas big investors.

As a result, in Asia, most of the markets and SGX Nifty are trading negative, while U.S. and European stock futures are also negative.

This is an initial reaction from markets but later on, the trend will depend on the regional stability in the Middle East, local cues for individual markets and currency moves.

Traders should wait and watch how the intra day trend unfolds in their local markets. It may continue to be negative or turn sideways, waiting for the situation to unfold further.

Expect a choppy and mostly range bound trading pattern in global markets today where previous week’s trading range will mark the initial trading levels.

Good luck, enjoy the session!

 

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