20 November 2020 (8:10 am IST)
19 November 2020 (9:40 pm EST)
World stock markets are showing mixed, but volatile trend in today’s Asia session.
US stock markets had closed with thin, positive margins in their overnight session. But US stock futures are highly negative at this hour.
Major Asian stock markets are trading positive but mostly with single digit gains. Nikkei (Japan) is negative. SGX Nifty is 20 points up after yesterday’s crash. This indicates a similar small positive opening for Indian stock markets.
How To Day Trade:
- US stock futures are highly negative at this hour, which will affect the global trend.
- Day traders should be ready for a volatile trend in their markets where selling will keep markets under pressure.
- The best day trading strategy would be to wait, and when the price turns down from a resistance level, take short positions.
- This is not a day to look for uptrend or trade long.
World stock markets are trading under pressure in this session. Substantial losses in US stock futures will keep global stocks subdued and volatile.