29 Dec, 2015 (8:57AM IST)
Dec 28, 2015, (10:27pm EST)
U.S. markets traded range bound in their last session and found support at the day’s lower levels.
Asian markets are following the same pattern and are recovering after opening low.
U.S. and European stock futures are trading positive and are showing signs of more recovery with every passing hour as Crude Oil futures have jumped after falling yesterday.
SGX Nifty is trading positive, indicating a similar positive opening in Indian markets soon.
Expect global markets to continue trading in their current range. Last session and last week’s range in immediate and broader terms will remain effective. Any index trading above previous day’s high will get more support today to trade positive. Lower trading indexes could find support at their own support levels as range bound markets do.
Good luck, enjoy the session!