4 December 2020 (7:59 am IST)
3 December 2020 (9:29 pm EST)
World stock markets are showing a mixed and subdued trend in this session. Mostly, markets are trading based on their technical or local factors.
In Asia; Japan, China, and Hong Kong markets are trading down. Australia and South Korea are up. SGX Nifty is 48 points higher, showing that Indian stock markets will open with another gap up.
US stock markets had a mixed closing in their overnight session with small margins. US stock futures are also trading with thin margins in Asia session with a positive trend.
How To Day Trade:
- As is evident, there is no single trend in world stock markets today.
- Therefore, day traders will have to focus on their local market’s trend and trade accordingly.
- Remember, the bias in world stock markets is positive and the current trend is broadly range bound.
- So check the weekly chart and trade within the weekly range.
World stock markets have opened with mixed numbers in Asia session. The trend is more local than global at this hour. Day traders should trade as per the trend in their local markets.