9 March 2018 (8:53 AM IST)
8 March 2018 (10:23 PM EST)
Asian stock markets are all trading positive after U.S. stock markets closed with higher numbers. European stock markets had also rallied in their session yesterday.
SGX Nifty is following this higher trend in world stock markets and is trading with considerable gains. This indicates that Indian stock markets will also open with a gap up.
The only drawback in this positive trend is muted numbers in U.S. and European stock futures. That indicates a volatile session in global stock markets where these bigger markets could turn range bound and trigger a choppy trend in global stocks.
Day traders should trade with the positive trend as long as their local index do not start showing resistance. World stock markets are in a technical bounce back and day traders should follow it till any major resistance starts stopping the trend.