22 November 2019 ( 9:06 am IST)
21 November 2019 (10:33 pm EST)
US stock markets had a mixed closing in their overnight session, and today US stock futures are trading positive, indicating that the correction might be over.
Major Asian stock markets are also trading mostly positive following the recovery in US stocks. At the time of writing, US and European stock futures are trading positive, SGX Nifty is trading slightly down indicating that the range bound trend in the Indian stock markets will continue.
For day trading, the best trading strategy is always to follow the technical signals and trade with the dominating trend. This week the trend is range bound so day readers should watch both support and resistance levels, and follow the short term trend between these levels.