US Markets Today: Volatile, weak session ahead

Mar 27, 2015, (9:20AM EDT)

U.S. stock futures are trading negative after disappointing economic reports, indicating a negative opening in these markets.

The dollar index has again turned positive after a short dip in negative when GDP number came lower than expected.

Yesterday, U.S. markets had closed a little lower, staying near their support levels.  Immediate range for major indexes will remain yesterday’s high and low points. Being near support levels, high volatility is expected in U.S. markets today.

As major index has recovered from low levels yesterday before the closing, that indicates some buying support in markets coming in at current levels.

Any stock, index trading above yesterday’s high levels will have more chances of staying in the positive.

The session might remain range bound today.

Good luck, trade carefully.

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Indian Markets Today: Trend negative, slight breather

27 Mar, 2015 (9:51AM IST)

Indian markets are following global trends and are taking a slight breather today. Nifty and broader markets have been in a strong negative trend. Nifty easily breached its strong support of 8,400 yesterday and now this level will become its major resistance.

If global correction continues the every high will be a selling opportunity for Nifty traders and the index will continue its journey toward 8,000 mark.

The bounce back in early session may or may not in the second half. Indian markets are going to have a short next trading week so it is possible that traders will get out of positive position in second half.

For nifty, 8388 will the major resistance and major support will come near 8,278 levels.

Watch for signs of weakness in Nifty at high levels and trade accordingly.

Good luck, trade safely.

See you later.

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World Markets Today: Volatile near support levels

27 Mar, 2015 (9:46AM IST)

Mar 27, 2015,(0:15AM EDT)

Global markets are in a correction. Today, after falling the whole week, there might be a slight bounce back in markets. But overall trend will remain negative.

Asian markets, Indian markets and U.S. and European stock futures are showing the same bounce back.

Traders should watch for weakness at higher levels in case of a bounce back. For those market that continue with negative numbers, any index dropping below their previous low levels will be an indicator of more selling pressure.

Watch for right trade time and then trade with the trend.

Good luck, enjoy the session.

See you later.

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US Markets Today: Correction deepens

Mar 26, 2015, (9:55AM EDT)

U.S. and European markets have deepened their corrections and are trading with deep cuts after a crash session yesterday.

Both Dow Jones and DAX  have extended their losses today and have made a clear trend break and are trading below their major support levels. Usually markets find some support after big drops so there might be some volatility in today’s trading pattern. But the overall trend has turned negative and after  some respite, the selling might start once again.

Dow Jones is comfortably below its major support of 18,000 and its next major support will arrive near 17,500 level. Before this, 17,600 is the current support level which again might cause chops and churns in markets.

Wait for the right trade entry time and then trade with the trend.

Good luck, see you later.

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Indian Markets Today: volatile on global cues, F&O expiration

Indian markets will have a shorter session next week. A subdued correction has already been underway in these markets. That correction is expected t continue in this session. As mentioned earlier, Nifty is heading  towards 8,400 and then, if global selloff continues, to 8,000 levels.

As today also happens to be F&O expiration, there might be some volatility in these markets as traders square off their positions.

8,500 has been a strong support and below this, expect  steady losses to the index.

Good luck, trade safely.

See you later.

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World Markets Today: Sell Off Continues

26 Mar, 2015, (8:30 AM IST)

Mar 25, 2015, (10:56 PM EDT)

Dear readers, my apologies for no update about U.S. markets’ report in last session. My mother passed away yesterday and I was away from markets. At 83, she was highly interested in gold markets, tracked prices and bought and sold physical gold when prices fluctuated (which horrified me :)). Not to mention that she was equally enthusiastic about stock trading and whenever I traded for fun with her money, she made a bundle!  Recently, she was trying to learn about impact of Crude prices and dollar index fluctuation by reading newspaper reports. Boy, she was such fun person! And so intelligent. She knew I was a bear and always asked to put in some money whenever markets fell.

Today, global markets are fulfilling her wish by crashing down. U.S. markets tumbled down in aheap in their last session, dragged down by tech shares. Nasdaq fell by more than 100 points (2.37%).  Asian markets are following that crash and are trading down heavily. SGX Nifty is also low, indicating a gap down opening.

As discussed earlier this week, upper limits had been restricted in global markets and various geopolitical worries are ready to pounce on markets next week. The current drop in markets is a wave of correction triggered by those worries.

Expect global markets to continue whit the current sell off in this session. The range remains same as past few months. The S&P500 VIX or volatility index has spiked by more than 13%, indicating the current precarious state of equity markets.

Trade safely and trade with the trend.

Good luck, see you later.

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Indian Markets Today: Nifty under pressure, following global cues

25 Mar, 2015 (9:08AM IST)

Yesterday’s volatile session in Nifty and broader Indian markets was an example of how speculators in these markets can foolishly follow global trends.

European markets and U.S. stock futures saw a jump on rising Crude oil futures when Indian markets were trading near day’s low points. Blindly following a sudden surge in those markets, Indian markets also rallied, without realizing that a higher Crude is good for developed markets and bad for emerging markets like India.

When speculators realized why those big markets were going up, they dumped their stocks and Nifty once again crashed to day’s low levels.

Same highly erratic and volatile session might take place in Indian markets today if Nifty succeeds in trading above 8,540 levels.

This is the current Major support for Nifty, as seen this week.

If Nifty falls below this level, then 8,400 will be its next major support

Tomorrow, Indian markets will have their monthly F&O expiration session. That can cause more choppiness in these markets.

If Nifty falls below yesterday’s low level (8,535), and stays below that level, then expect a negative trend in Indian markets today. Otherwise, yesterday’s trading range will continue in this index.

Good luck, enjoy the session.

See you later.

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World Markets Today: Under pressure from geopolitical worries

25 Mar, 2015, (9:03 AM IST)

Mar 24, 2015, (11:34pm EDT)

U.S. markets succumbed to selling pressure at day’s high levels yesterday and closed highly negative. Dow Jones is precarious close to breaching its support of 18,000.

European markets rallied, but stayed below their last week’s high levels, remaining range bound.

For these big markets, falling Crude, the Fed’s rate hike possibility an unresolved economic fight between Greece and rest of the euro zone are big worries for next week.

Asian markets are trading mixed, showing the same highly volatile trading pattern as was witnessed in U.S. and European markets in their last session. U.S. and European stock futures are slightly lower and SGX Nifty is almost flat.

World markets are expected to trade high volatility and face resistance at higher level. This week’s high levels now seem to have become the selling point for bears. Lower limits are open, upper limits look capped for markets now.

Any index trading and staying below its last session’s low mark might see a negative trend in today’s intra day session.

Good luck, trade safely.

See you later.

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US Markets Today: Highly volatile Session Ahead

Mar 24, 2015, (9:27AM EDT)

European markets and U.S. stock futures have been having a rough and volatile session up till now, following ups and down in Crude oil prices.

Same choppiness is expected in U.S. stocks after the opening bell. The S&P500 VIX is also trading with a 3% gain, indicating high levels of instability in intraday trading today.

Yesterday’s session was also dominated by a choppy trend where major indexes dropped into negative after running high in early session.

Dow Jones, as discussed before, has a strong support near 18,000 and as long as this index trades above that level, U.S. markets will be considered range bound.

For today’s session, last session’s high and low will mark the immediate range. For Dow Jones, this range will be between 18,200- 17,960.

In between, 18,070 can provide some support to the index.

Watch these levels carefully and then trade with the trend.

Good luck, enjoy the session.

See you later.

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Indian Markets Today: Nifty waiting to break down 6,450 mark

24 Mar, 2015 (9:08AM IST)

In the beginning of this month, Nifty had touched high of 8,900 level.

Since then this index and broader Indian markets have been correcting continuously, mostly with gap up opening and then crashing with big losses.

Now, it is only a matter of time before this index breaks down its major support of 8,450 level. If that support is broken, then 8,000 will provide next support to Nifty.

Please remember, these levels look possible in today’s circumstances, and if global cues do not improve.

SGX Nifty is down by nearly -26 points, indicating that Nifty will also open with a gap down and break its support of 8,550.

8,524 will provide first support of the day to Nifty and below that, 8,500 level. If Nifty fails to gather buying support at these levels, then 8,400 will be the next major support for this index.

If Nifty stages a bounce back after a gap down opening, then yesterday’s closing level 8,550 and 8,566 will create first resistance levels for the index.

Watch these levels and trade accordingly.

Good luck, enjoy the session.

See you later.

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