14 February 2019 (8:00 am IST)
13 February 2019 (9:30 pm EST)
As expected, U.S. stock markets paused in their overnight session and traded in a narrow range with high volatility.
World stock markets are following that subdued trend and major Asian stock markets are trading with mixed numbers. SGX Nifty is more than -30 points lower in opening trade, indicating that Indian stock markets will continue with thiner minor downtrend.
U.S. and European stock futures are trading with single digit gains, that can drop below the red line any time. This weakness in futures of bigger markets could keep global stocks under pressure today.
Day traders should follow the trend in their local markets. Mostly, global stock markets are trading within. their previous range, be it monthly or weekly so intraday trading should be done keeping the bigger range in mind.
Expect a highly volatile and range bound trend in world stock markets in this session. Support and resistance levels will help day traders in deciding intraday trade entry and exit points.