02 January 2020, (8:37 am IST)
01 January 2020, (10:06 pm EST)
My apology first, for mistaking that US stock markets will open on New Year’s Day. They did not; only US stock futures traded.
The holidays are almost over now ( markets in Japan, New Zealand, Russia & Switzerland will remain closed today). Other markets are trading with mixed numbers.
US and European stock futures are trading with good gains. Most of the Asian stock markets are trading in the green. SGX Nifty is more than 30 points down, indicating a lower opening for Indian stock markets.
In such a mixed market-conditions, the best trading strategy is to follow the local trend and trade according to the technical signals. Market volatility could remain high as volumes increase in world stock markets.