22 January 2018 (7:42 AM IST)
21 January 2018 (9:12 PM EST)
World stock markets are expected to have a mixed, and volatile intraday trading trend on U.S. government shutdown happening. U.S. stock futures are mildly lower, not showing any big impact and other markets are trading mixed with some positive numbers here and there.
In fact, U.S. stock futures had started recovering on hopes of a positive outcome from the Senate leaders’ talks, but they failed to reach any deal. This disappointing news has increased losses in U.S. stock futures, affecting global stocks too. This pattern indicates that a volatile session lies ahead for global stock markets where markets will react to any positive or negative news regarding this shutdown.
Overall, this political shutdown is not making much impact in world stock markets. U.S. stock futures are showing only mild declines and some of the Asian stock markets have started turning positive. SGX Nifty is trading flat, waiting for Indian stock markets to open and decide how they want to trend today. showing
European market futures are trading with mixed numbers. DAX futures are positive while FTSE 100 futures are in the red.
Expect a choppy and mixed trend in global stock markets today, where regional factors may dominate local cues.
For intraday trading in such conditions, the best trading system will be using pivot levels and trade between support and resistance levels, with the short term day trend.