16 April 2019 (8:08 am IST)
15 April 2019 (10:38 pm EDT)
This whole week has many holidays for stock markets of different regions. That is why the trading volume is low and the intraday trend mixed and in narrow ranges in world stock markets.
U.S. stock markets closed with razor-thin margins in their overnight session and had a mixed closings for major U.S. indexes.
In Asia, that diverse trading pattern is continuing in seperate markets. Some of the major Asian stock markets are down by marginal numbers and others are trading positive with similar small margins.
SGX Nifty is 22 points higher at this hour, indicating a positive opening in Indian stock markets later today.
European and U.s. stock futures are positive with healthy margins so the bigger markets may trade in a range but remain positive.
Expect a choppy and very narrowly rangebound intraday trend in world stock markets today. This is a short trading week due to Good Friday holiday and trading volumes are thin, so no big moves are expected in global stock markets this week.
Day traders should watch the trend in their local markets and trade with the support and resistance levels in smaller time frames ranging from 1 hour-15 minute and even 5-minutes.
Bigger time frames are better suited for trading when markets are in a strong trend. This week’s trend is sideways in world stock markets.