12 February 2019 (9:18 am IST)
11 February 2019 (10:48pm EST)
Wold stock markets are trading with mostly green numbers in early Asia session. But the weekly trend is still range bound and could remain extremely choppy.
At the time of writing, all major Asian stock markets are trading positive. U.S. and European stock futures are rallying and Indian stock markets are also trading with marginally positive numbers.
In such markets conditions, day traders can take help of 5-hours charts to check support and resistance levels and trade within those levels with the dominating trend in their local markets.
The overall weekly trend is rangebound in world stock markets so the intraday trend can swing between these support and resistcne levels creating short term trend.