Indian Stock Markets Today: Positive Open, Weekly Rangebound Trend

17 May, 2021 (8:25 am IST)

Indian Stock Market Trend Analysis Indian stock markets are starting a new week, and today, SGX Nifty is hinting at a positive opening in these markets. Last week, Indian stock markets had bounced from their range bound and made a “higher low” pattern, which is a bullish pattern. Today, whether these markets trade up or down, there trading range will remain within the last 4 weeks’ range.

Indian stock market trading today: SGX Nifty is almost 70 points up at this hour. There are still 45 minutes for Indian stock markets to open, and SGX Nifty may accumulate more gains. All these indicate towards a higher opening.

How To Day Trade Nifty Today:

  1. Nifty is expected to open higher today.
  2. This session is also the start of a new week, so the trend after the opening will be more important.
  3. However, Nifty is expected to stay rangebound despite a higher opening.
  4. On the upper side, the index faces strong resistance of 15,000.
  5. On the down side, 14,500 has now become its strong support.
  6. Day traders should keep in mind the trading range of Nifty (this month’s high and low levels) and trade within those levels.
  7. The intraday trend will also stay within these boundaries.
  8. A minor uptrend could emerge within this trading range. Day traders should trade with that trend.

Indian stock markets are expected to open and trade positive today. The weekly trend will stay rangebound and the intraday trend will show minor up or down trend within the  weekly levels.

Day Trade and Earn Your Living!

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World Stock Markets Today: Mixed, Weak Start of the New Week

17 May, 2021 (8:00 am IST)

16 May, 2021 (10:30 pm EDT)

World Stock Markets Trend: This is the start of a new week and world stock markets are trading mixed, showing weakness.

Asian stock markets trading today: In Asia, major stock markets are trading mixed. Markets in Japan and South Korea are negative while Australia, China and Hong Kong markets are positive.

SGX Nifty today: SGX Nifty was highly positive at the start of this session, more than 120 points higher. But then, this futures index of India’s Nifty 50 slid down and now it is only 42 points up.

US Stock Futures: US stock futures are down and putting pressure on global stock markets. At this hour, Dow Jones futures were 100 points down a few minutes ago and since then, have recovered 30 points. This indicates that we may see a highly volatile session.

How To Day Trade:

  1. A new week is starting from today and for day trading, it will be useful to consult the weekly charts and see how your local index is trading.
  2. That will be the dominating trend.
  3. For day trading and swing trading, follow that trend.
  4. Markets could turn highly volatile, so keep specific stop loss in all open trade.

World stock markets are trading mixed but negative US stock futures are putting pressure on global stocks. A positive or negative change in those futures could affect world stock markets too.

Day Trade and Make Money!

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Indian Stock Markets Today: Flat Opening, Rangebound Trend

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14 May, 2021 (8:07 am IST)

Indian Stock Market Trend Analysis: Indian stock markets escaped the carnage in world stock markets yesterday. Today, world stock markets are positive, so we can expect at last calm opening in these stock markets. SGX Nifty is only 24 points down at this hour, so Indian stock markets and Nifty are also expected to open flat.

How are Indian stock market trading today: These markets have been trading in a broad range for 12-13 weeks now. This rangebound pattern is expected to continue. Currently, Indian stock markets are coming down from their current range top levels.

How To Trade Nifty Today:

  1. Going by SGX Nifty, Nifty is also expected to open flat.
  2. After that, the index could turn range bound as today is the last session of this week.
  3. On the other hand, if sellers dominate the session, Nifty may fall to its lower support levels.
  4. Therefore, day traders should wait until the opening volatility is over and a clear trend emerges.
  5. Nifty usually changes track after the opening hour.
  6. Day traders can wait until then and trade with the dominating trend.

Indian stock markets are expected to open flat and trade rangebound. It is also possible that these markets fall in the later trading hours.

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World Stock Markets Today: Positive Start, Weak Trend

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14 May, 2021 (8:07 am IST)

13 May, 2021 (10:37 pm EDT)

World Stock Markets Trend: World stock markets are showing positive trend in major markets at this hour, but this is a weak trend and can reverse at any time.

US stock markets trend & Nasdaq Trend:  US stock markets rallied in their overnight session after some deep losses in previous couple of session. Dow Jones rallied to gain more than 400 points. Nasdaq also rose nearly 100 points. But as we had discussed in our previous post, Nasdaq is now near the bottom of its current range and another big fall will confirm its downtrend.

Dow Jones trend & Dow Jones technical analysis: Dow Jones accumulated 400 points in its overnight session, but the index has lost more than 1,000 points this week and has turned negative for the week. yesterday’s daily candlestick charts also show a bearish engulfing pattern. The index has returned to its previous range and now we can expect this index to turn rangebound once again.

Asian stock markets trading today: At this hour all major Asian stock markets are trading positive. Japan’s Nikkei index has gained 1% in early trading.

SGX Nifty today: One futures index is still showing weakness. That is SGX Nifty, the futures index of India’s Nifty 50. SGX Nifty is down by 35 points and shows no signs of recovery. This shows that Indian stock markets may also open negative and continue to trade down.

US Stock Futures: US stock futures are positive at the time of writing. But Dow Jones futures have given up some of the early gains. These numbers will dominate the global trend. If US stock futures turn negative, world stock markets could also change their trend.

How To Day Trade:

  1. At the time of writing, world stock markets are showing a positive trend.
  2. Day traders should follow this trend, but keep strict stop loss in their open trades and be ready for any trend change.
  3. The trend in US stock markets is dominating the trend in world stock markets.
  4. If US stock futures continue to stay positive, then global trend will also stay positive.
  5. Any change in US stock markets will affect global trend too.
  6. This will create high volatility in markets.

World stock markets are trading with positive numbers in early trading. But this trend will depend on the positive numbers of US stock futures. If these futures change their trend, global stocks may also follow that trend change,

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World Stock Markets Today: Highly Negative Session After US Stocks Crash

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13 May, 2021 (8:53 am IST)

12 May, 2021 (11:23 pm EDT)

World stock markets are showing highly negative numbers after US stock markets crashed in their overnight session.

US stock markets trend: In that session, Dow Jones lost more than 600 points. Nasdaq suffered deep cuts and fell by more than 300 points. S&P 500 also fell by more than 2%. Dow Jones has lost 1,000 points this week and has re-entered its previous range. Nasdaq, which was already rangebound, is now approaching its range bottom. These point to a rangebound trend in US stock markets and extreme volatility.

Crash in Crypto Markets: Crypto currency markets also suffered deep losses after Elon Musk declared that Tesla will not accept bitcoins for payment. All major crypto currencies crashed after that, accumulating a loss of $365.85 billion in a single day.

Asian stock markets trading today: In Asia, all major Asian stock markets are trading with significant losses. Japan’s Nikkei is down by 1%. China, Hong Kong, Australia,  and South Korea; all markets are down today.

SGX Nifty today: SGX Nifty is 114 points down at this hour. But Indian stock markets are closed today for a local holiday, so they escaped this global carnage of stock markets.

US stock futures are positive at the time of writing, which is natural after the overnight big losses in US stock markets. However, the positive numbers are nothing compared to the losses in US stocks. That’s why, these positive futures have failed to inspire confidence in global markets.

How To Day Trade:

  1. World stock markets are in a single trend today; a downtrend.
  2. Day traders should keep this in mind and trade with the trend.
  3. Do not try to go against the trend, no matter what.
  4. This trend is very strong so any small recovery will attract sellers and also provide a short trade opening points.
  5. Use trendline and Moving Averages to follow the trend and keep your trades open as long as the trendline is intact.
  6. Once the price breaks the trendline, it will be time to close trades and book profit.

World stock markets are trading in a negative trend. US stock markets has crashed in their overnight session, spooking global markets. Dow Jones has lost 1,000 points in this week and that is signaling significant correction in this index and US stock markets.

Tips For Money Making By Day Trading! 

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Indian Stock Markets Today: Weak and Volatile Trend on Global, Technical Cues

12 May, 2021 (8:31 am IST)

Indian Stock Market Trend Analysis: Indian stock markets are trading in a broad range and after going up for a few session, now these markets are going down within that range. SGX Nifty is indicating a lower opening in Indian stocks and Nifty. This opening may still keep these markets within the previous session’s range.

How are Indian stock market trading today: If Nifty falls below the previous low point, the decline may increase. Today also happens to be the Options expiry session for Nifty and Bank Nifty and tomorrow Indian stock markets will stay closed. That may cause profit booking and increase pressure on these markets.

How To Trade Nifty Today:

  1. Yesterday, Nifty had opened low but kept rising from the day’s low levels, showing support and creating a positive candlestick on charts.
  2. Nifty had recently made a “higher low” pattern on daily charts which is a bullish signal.
  3. Yesterday’s trading pattern also suggest another “higher low” and shows positive signal for Nifty.
  4. Today’s Nifty closing will indicate if Nifty will continue to find support and fall within the current range.
  5. Day traders should wait for the opening hour to let Nifty create a clear trend, and trade with that trend.

Indian stock markets will open with negative numbers, as indicated by SGX Nifty. But after that, these markets may trade rangebound within the previous trading range.

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World Stock Markets Today: Volatile, Mixed Trend

12 May, 2021 (8:12 am IST)

11 May, 2021 (10:41 pm EDT)

World Stock Markets Trend: World stock markets seem to have become fed up with drops and crashes in US stock markets. Day before it was Nasdaq which fell with big numbers and now, in the overnight session of US stock markets, Dow Jones crashed by almost 500 points.

Yesterday, world stock markets were spooked by the fall in Nasdaq and all other markets fell too. But today, it looks like global stock markets are saying “meh” to the daily fall in US stock markets and treating it as a local problem.

Asian stock markets trading today: That is why major Asian stock markets are trading mixed. Shanghai and Hong Kong markets are trading positive.

SGX Nifty today: SGX Nifty is only 25 points lower. This indicates that Indian stock markets will also open flat or with marginal negative numbers.

US Stock Futures: US stock futures are trading highly negative at this hour. Dow Jones futures are 100 points down but that has not created any ripple or panic in world stock markets.

How To Day Trade:

  1. Different markets are showing different trend at this hour in world stock markets.
  2. Day traders should focus on the local trend and trade with that.
  3. It may be range bound, up, or down trend.
  4. Use appropriate trading strategies to tackle the dominating trend.
  5. Check weekly charts to see the weekly trend, match it with daily trend and you’ll find the dominating trend for intraday trading.
  6. Markets are highly volatile so don’t forget putting stop loss in all open trades.
  7. It will also be a better money management if you cut down on number of trades and lots in a volatile session like today.

World stock markets are trading in a mixed and volatile trend. US stock markets had closed highly negative in their overnight session but global markets have almost ignored their trading pattern and trading on their own cues.

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Indian Stock Markets Today: Gap Down Opening, Rangebound Trend

11 May, 2021 (7:55 am IST)

Indian Stock Market Trend Analysis: Indian stock markets have been trading in a broad range for many weeks. Yesterday, these markets reached their current range top levels and today, as the global cues turned negative, SGX Nifty also fell 200 points.

This is a typical rangebound trend and traders can mark range top and range bottom to trade with profits. Day trading is useless in such range bound trend because theses markets keep going up with gaps and keep coming down with gaps too.

How To Trade Nifty Today:

  1. SGX Nifty is indicating that Nifty may open 200 points down.
  2. Day traders should wait for any recovery after that and short sell when Nifty starts falling again.
  3. Nifty will be coming down from its range top levels and will face the same support levels that it has been facing in recent few weeks.
  4. These levels are 14,800-14,660-14,500 etc.
  5. Nifty may or may not stop at these levels.
  6. Day traders will have to stay cautious near these levels.
  7. For today, watch if Nifty starts climbing again after a gap down opening, or continues to fall.
  8. Based on its trend, trade with strict stop loss in all open trades.

Indian stock markets are set for a gap down opening with global cues. This is a strong downtrend and Indian stocks may see more decline after the gap down opening.

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World Stock Markets Today: Nasdaq Drags Down Global Stocks

11 May, 2021 (7:55 am IST)

10 May, 2021 (10:24 pm EDT)

World Stock Markets Trend: Yesterday, world stock markets had a positive session until US stock markets opened and the tech index Nasdaq crashed with big numbers. In the overnight session of US stock markets, Nasdaq closed with a loss of 350 points. This big crash in Nasdaq dragged down other major US indexes too.

Today, in the early hours of world stock markets, Nasdaq futures again fell almost 200 points. This proved to have a cataclysmic influence on global markets and all major indexes are trading highly negative at this hour.

Nasdaq Trend: Just yesterday, in our post about world stock markets, we had discussed how Dow Jones and S&P 500 were in a strong trend but Nasdaq was rangebound. That range suffered a big blow in the overnight session and Nasdaq closed at the lowest point of its trading. That was a bearish signal. Today, in global session, Nasdaq futures are down by 138 points, dragging down other index futures too.

Asian stock markets & SGX Nifty today:  This big drop in tech stocks has spread panic in global stocks. All major Asian stock markets are trading down today. Japan’s main index Nikkei fell 2%. SGX Nifty, futures index of India’s Nifty 50 is down by 200 points.

All these indicate a strong negative intraday trend and overall rangebound trend after the previous positive trend.

How To Day Trade :

  1. Unlike yesterday, today world stock markets are facing a strong downtrend.
  2. The trading tools will be the same; Trendline and Moving averages, to trade this down trend.
  3. This is a directional trend and slanting lines will indicate good entry and trade exit points.
  4. Markets may stay volatile so stop loss must be used.
  5. Any small bounce or recovery will attract sellers and provide good chance to open another short trade.
  6. It is a session for short selling with the downtrend. Use this opportunity to short sell and earn profits.

World stock markets are showing a strong downtrend in this second session of the week. This downtrend has been triggered by the crash of the tech index Nasdaq in US stock markets. As long as Nasdaq continues to fall, this global downtrend will continue.

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Indian Stock Markets Today: Gap Up Opening, Rangebound Trend

10 May, 2021 (8:24 am IST)

Indian stock markets opening: Indian stock markets are set for a higher opening today. It will be an interesting day in Indian stock markets, as SGX Nifty is indicating Nifty to open near 15,000 mark. Will Nifty climb higher from there? Or, like previous occasions, the index will turn lower and trade range bound?

Indian Stock Market Trend Analysis: SGX Nifty has staged a gap up opening and has broken its previous many weeks’ trading range. This suggests that Indian stock markets and Nifty will also break out of their current, strict range at the open. Will Indian stock markets be able to sustain this breakout? We’ll know the answer by the closing levels of major indexes.

How To Trade Nifty Today:

  1. SGX Nifty is indicating that Nifty will open near or at the mark of 15,000.
  2. This level has been acting both as a support and a resistance level.
  3. If Nifty gets buyers’ support after the gap up opening, it will rise further.
  4. However, if sellers dominate buyers, Nifty will turn down and trade range bound.
  5. To know the right trend, day traders will have to wait for the opening hour to be over.
  6. By this time, the opening volatility will calm down and a clear trend could emerge.
  7. Day traders can follow that trend to book profits.
  8. Remember, if Nifty continues to rise, do not trade against the trend just because you are bearish.
  9. Those with bullish bias should also follow the rangebound trend if Nifty falls.

Indian stock markets will open with higher numbers, as indicated by SGX Nifty. Positive global cues will also help Indian stock markets to hold on to their opening gains. If Nifty trades above 15,000 level, it will support an uptrend in Indian stock markets.

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