Indian Markets Today: Higher opening, Lower closing?

27 Feb, 2015 (9:18AM IST)

Nifty fell down with high volumes yesterday, which indicates selling pressure on this index.

But some intra day positive signals have sent SGX Nifty higher in early session today. These include expectations from the Union Budget scheduled for tomorrow and a drop in Crude oil prices today.

Still, technical signals are negative and a range bound trade in Nifty is possible. That means the immediate range for this index will be its yesterday’s high and low levels ( 8,780-8680).

In between the pivotal point for Nifty stands at 8,713, making it the day’s first and major resistance level. 8756 will be second level of resistance.  If Nifty sustains above this level then a positive trend can be expected. In case Nifty falls below 8,713 level then a lower trend will dominate the index and major support will come at 8,640.

Watch these levels carefully and trade with the trend.

Good luck, enjoy the day, session and trading!

See you later.

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World Markets Today: Trending on local cues

27 Feb, 2015 (9:14AM IST)

Feb 26, 2015, (10:44pm EST)

Global stock markets continue to trade based on their local cues. U.S. markets closed mostly negative, except for tech shares, on better than expected inflation numbers. The Dollar index gained slightly and crude oil prices slipped.

Asian markets are trading mixed today on various currency and commodities forces pulling stocks in different directions. U.S. and European stock futures are negative while SGX Nifty is trading with healthy gains as rupee rose and crude oil futures turned low.

Expect world markets to trade with choppy trend. Local cues will dominate markets since there is no single global cue to dominate markets.

Good luck, have a great session in markets today!

See you later.

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US Markets Today: Choppy on economic reports

Feb 26, 2015, (9:38AM EST)

U.S. markets are going to receive a number of major economic reports today, including CPI numbers and jobless claims etc. Obviously, markets will remain volatile and trade in previous range with uncertain trend.

The first half of today’s session is expected to be dominated by jerky reaction to economic data. Second half might show a more clear trend. Although going by previous few sessions, major U.S. indexes are expected to trade in typical range bound pattern, that is bouncing back from support levels and turning down from resistance levels.

Watch those levels and trade accordingly.

Good luck, enjoy the topsy turvy session in markets today.

See you later.

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Indian Markets Today: Volatile, Range Bound in Budget session

26 Feb, 2015 (7:47AM IST)

The annual Railway Budget will be presented in the Indian parliament today. Day after tomorrow, it will be the eagerly awaited General Budget’s day.

Nifty has been range bound in last three sessions, closing near 8,760 levels. This level, or 8,750 has provided strong support to Nifty and only a closing below this level will signal a stronger negative trend in the index and broader Indian markets.

Nifty’s immediate range will be between 8,850-8,750. The level near 8,786 will provide the first and major resistance to Nifty in case the index tries to trade upwards. 8,732 will provide the first support for intra day trading today.

Expect a volatile and range bound session in Indian markets today.

Trade safely, enjoy the session in markets today.

See you later.

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World Markets Today: Staying in Range, Volatile

26 Feb, 2015, (7:40 AM IST)

Feb 25, 2015, (9:10 PM EST)

Global markets continue to trade on local cues, staying in their current range and showing higher level of volatility.

U.S. markets traded in a narrow range and ended almost in the negative. European markets also maintained a small range. Their futures are trading slightly positive in early session today.

Asian markets have started their session with mixed numbers. Nikkei is higher but other Asian indexes are trading mixed, with smaller numbers. SGX Nifty is showing slight gains and ready to drop below its previous closing.

More than equities, the focus is in oil and forex markets. Thus bigger market movements will happen in commodities and currency markets and stocks will be restricted in their range.

Observe how your local index has been trading this week, bouncing back from supports (buying trend) or turning down from resistance levels (trend of selling at high levels) and trade accordingly.

Expect a choppy and range bound trading pattern in world markets today.

Good luck, have a great session inn markets today!

See you later.

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US Markets Today: Waiting for the Fed Chair’s Testimony

Feb 25, 2015, (9:03AM EST)

U.S. markets had rallied yesterday, staging a positive breakout. Any such movement needs confirmation and today- or in next few sessions, traders will watch for signs of a confirmed positive trend, or if it was a false breakout.

Today, the Fed Chair Janet Yellen will appear for her second and final day of Congressional testimony. U.S. stock futures and European markets are slightly  negative before the Fed Chair’s comment.

Like yesterday, expect a subdued and slow paced trading pattern in U.S. markets in early hours. Markets may take a clear trend after the Fed Chair’s comments are released.

Till then, a range bound and volatile session seems to be in store for U.S. markets.

Good luck and take advantage of market trend in today’s session.

See you later.

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Indian Markets Today: Nifty range bound, volatile

25 Feb, 2015, (9:17 AM IST)

Nifty, and broader Indian markets are expected to trade within this week’s range as budget session of the Indian parliament continues. Indian government will present two important budgets in this week’s session; Railway Budget (26th Feb) and General Budget (28th Feb).

Indian markets will trade on hopes, rumors and speculation about budget sops for various industries, creating choppy trend in Nifty.

With a possible gap up opening, Nifty will face resistance near 8,800 and 8,836 levels.

As long as this index trades above 8763 level, a positive intra day trend is expected. Below this level, Nifty might test support levels of 8725 and 8690.

Watch how the index trades near resistance levels and trade accordingly.

Good luck, have a great day in markets today!

See you later.

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World Markets Today: Trading on Local Cues

25 Feb, 2015, (9:17 AM IST)

Feb 24, 2015, (10:47 PM EST)

U.S. markets rallied in their last session and closed at new highs. But Asian markets are not following that rally and have started their new session with subdued numbers.

Major Asian markets are trading positive but with small gains. SGX Nifty was also subdued earlier but now this index has made some god gains, indicating a healthy opening in Indian markets soon.

U.S. and European stock futures are slightly negative and the S&P500 VIX futures have gained more than 1%, indicating high volatility in these markets. The Fed Chair Janet Yellen will testify before Congressional committee for the second day on Wednesday, causing anxiety in these stock futures even though her dovish comments about a delay in rate hikes had cause last session’s rally in U.S. markets.

Expect global markets to trade more on local cues, in smaller range and with choppy trend in this session too.

Good luck and trade safely.

See you later.

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US Markets Today: Volatile on data, Fed Chair’s testimony

Feb 24, 2015, (9:22AM EST)

U.S. stock futures have been oscillating between negative and positive and European markets have been trading in an extremely narrow range, all waiting for the Federal Reserve’s Chair, Janet Yellen’s Congressional testimony that will start at 10 AM EDT today.

Before that, U.S. markets will receive a number of important economic reports that might affect forex and equities.

Expect a choppy and small range bound trading session in U.S. markets in the early hours. A clearer trend might emerge in the second half of today’s session. Overall, a volatile and range bound session is expected in U.S. markets with weekly’ range marking the high and low points.

Trade safely, have a great session in markets today.

See you later.

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Indian Markets Today: Nifty to Continue Correction?

Nifty had a major breach of support yesterday when the index fell and closed below 8,800. For bears, it was a pre budget “gift.”

Indian markets have been witnessing a correction since last two sessions. Maybe it has something to do with the document-leak scandal from the Indian Petroleum Ministry in which some parts of Union Budget has been leaked.

Nifty closed near 8,750, another support, but the index has now fallen below its 50-Day Moving Average and that shows weakness in this index. Technical signals are also turning negative for Nifty and it will be interesting to see if Nifty continues with this correction today.

8,786 will be the first and major resistance for Nifty in today’s session. Major support will come near 8,704 level.

If, for any reason, Nifty turns up and traded positive then yesterday’s range ( 8870-8736) will be its immediate range.

Watch the day’s pivotal level of 8786 closely for Nifty. If the index survives above this level, then chances of a positive trend will be higher. Below this level, Nifty might drop to 8,700 levels.

Take your chances and have a great day in markets today.

See you later.

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