US Markets Today: Volatile within a narrow range

May 22, 2015, (9:24AM EDT)

When an index like Dow Jones, that currently trades at 18,285 and shows only 0.34 point’s gain in a session, you can imagine how narrow the trading range must have been.

That’s how Dow Jones traded yesterday, or have been trading during most of this week. In hourly charts, Dow Jones is showing a 30-points range for many hours. So the immediate range for this index today, will also be within those same 30 points, that is between 18,300- 18,270.

On higher side, Dow Jones has a second level going up to 18,350 and on lower side, it has 18,240.

That is its total range on 5-hours’ chart. If bears get lucky, then the index can drop down to 18,200. If bears get too much lucky, then it can touch 18,180 mark.

That is all the luck traders will get in this index and broader U.S. markets. Take your pick of this narrow range, or you find a stock to trade that has been making bigger moves than this.

Good luck, enjoy the session.

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Indian Markets Today: Range bound, volatile session ahead

22 May, 2015 (9:14AM IST)

SGX Nifty  is trading nearly flat and keeping within its range of last two sessions.

NSE Nifty and broader Indian markets are also expected to follow the same trading pattern, unless some big movement takes place as traders remember next week’s F&O expiration.

Nifty has been range bound between 8,450- 8,380 in recent sessions. That will mark the immediate range for today’s session as well.

As long as Nifty trades above 8,416 level, it will have possibilities of trading in the green.

However, if the index falls below this level and stays low, then it could drop down to 8,380 or 8,350 levels.

Watch how the index traders near support and resistance levels and trade accordingly.

Enjoy the session, trade safely.

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World Markets Today: Volatile and Range Bound Session

22 May, 2015 (9:14AM IST)

May 21, 2015, (11:43pm EDT)

Global markets have turned highly volatile and are trading on local cues, in a restricted range.  U.S. market closed in positive but Asian markets are trading with a mix pattern. Nikkei is down after the Bank of Japan kept its monetary policy steady and yen gained. While other markets in Asia are trading in the green.

U.S. and European stock futures are slightly positive at the time of writing and SGX Nifty has also trimmed its earlier losses, indicating a volatile session for Indian markets today.

Expect world markets to trade more on local cues as global cues have become flat. Range bound markets usually bounce back from support levels and turn down for resistance levels. So watch those levels and trade with the trend.

Good luck, enjoy the session.

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US Markets Today: Volatile on Economic Reports

May 21, 2015, (9:27AM EDT)

U.S. stock futures fluctuated heavily through the session as jobless claims numbers, as expected, came higher than the previous week. Earlier negative stock futures trimmed their losses as bad economic reports are considered good by markets speculators who are betting on a delayed rate hike from the Fed.

European markets have also been trading in a choppy manner, oscillating between highly negative and slightly positive numbers.

Expect U.S. markets to trade again in a range bound manner and the range could remain very restricted like other sessions of this week. Stock trading would be better idea for day traders instead of index trading till a clear trend returns to market or major indexes start trading in bigger ranges.

Immediate range for major indexes will be between high and low markets of previous session, and could remain highly volatility.

Watch these levels and trade with the trend.

Good luck, enjoy the session.

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Indian Markets Today: Nifty Headed to 8,500?

21 May, 2015, (8:35 AM IST)

Even though volumes were low, broader Indian markets inched ahead yesterday in a very narrow range and stayed in positive.

SGX Nifty is again hinting at opening gains in NSE Nifty, which could head to 8,500 levels if it stays above the support of 8,418.

Nifty’s immediate range will be between 8,445- 8,390 mark. If the index sustains above 8,418, then it could try to break above the resistance of 8,445 and reach 8,467.  The current bounce back has its limits near 8,500 level and if Indian markets remain positive in these last two sessions, then Nifty might try to touch this limit this week.

However, in case Nifty fails to sustain its gains and starts trading below 8,400 levels, then 8,370 and 8,347 will be its next support levels.

So watch these levels carefully and trade with the trend.

Good luck, enjoy the session.

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World Markets Today: Choppy on Data Heavy Day

21 May, 2015, (8:32 AM IST)

May 20, 2015, (10:58pm EDT)

World markets will be watching big economic reports and events in euro zone and the U.S. in these last two session of the week.

In Europe, the ECB president Mario Draghi will deliver a public speech and U.S. markets will receive jobless claims and other major economic numbers in early trading hours before Thursday’s session.

In between, other markets will anxiously wait to see a trending signal from these two markets.

Asia is trading choppy, U.S and European stock futures are negative, indicating high volatility ahead. SGX Nifty has gained, indicating support to Indian markets.

Expect global markets to trade in a choppy manner with somewhat restricted upside but downside in open till the last lowest support levels.

Good luck, trade safely.

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US Markets Today: Another Volatile Session ahead

May 20, 2015, (9:29AM EDT)

U.S. markets are once again getting ready for another volatile session where once again, the immediate trading range will be between previous session’s high and low levels and it might again be restricted to a very narrow range- unless some market whales get bored and hit the buy or sell button with big orders. In that case, we could see a sudden up or down movement in U.S. markets.

If that happens, then traders will have trend to trade with.  Otherwise, it will be the same narrowly range bound session near the all time high levels for major indexes.

Dow Jones, above 18,288 will have possibility of remaining positive. Below this level,  18,275 will be another support level.  Then 18,250 mark will provide support.

On the higher side, Dow Jones could inch back to its previous high of 18,350 or few points after that.

Go for stock trading, or be content with small profits in index trading.

Good luck, enjoy the session

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Indian Markets Today: Choppy Session Ahead

20 May, 2015 (8:38AM IST)

Indian markets saw a very choppy session yesterday where Nifty first rallied, then crashed, then closed near the previous day’s closing levels.

Today, SGX nifty is trading higher, indicating that nifty might try to recapture yesterday’s high level.

Will Nifty be able to stay at those levels? That is difficult to say because technical signals have become mixed.

8,376 will be an important intra day level for Nifty. As long as the index trades above this level, chances of a positive session will be high and nifty could trade back up to 8,417 – 8,468 levels.

However, if Nifty drops below 8,376 mark and fails to recover, then the index could drop down to 8,324 or 8,283 levels.

Yesterday’s high and low levels (8,427- 8,335) will mark immediate range for Nifty.

Watch these levels carefully an trade with the trend.

Good luck, enjoy the session.

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World Markets Today: Highly Volatile on Data Driven Day

20 May, 2015, (8:36 AM IST)

May 19, 2015, (11:05pm EDT)

U.S. markets traded in inches wide range, with choppiness.

Asian markets are following the same choppy  and mixed pattern, albeit with larger ranges.

SGX Nifty has jumped up after Nikkei went higher on good GDP numbers from Japanese economy.

U.S. stock futures are slightly negative as these markets will receive the FOMC meeting minutes after the opening bell in Wednesday’s session.

Euro zone will receive a hailstorm of economic reports today, so their futures are below the red line too.

Expect global markets to trade more in local cues since global cues have disappeared and U.S. markets are not taking any clear direction.

It is going to be a session dominated by economic reports so expect sudden lurches and highly volatile trading pattern in global markets today.

Good luck, trade safely.

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US Markets Today: Good Economic numbers bring down futures

May 19, 2015, (9:31AM EDT)

Unlike last week, U.S. markets have just received a number of highly positive economic reports that brought down stock futures from their earlier highs.

Markets are waiting for the Fed’s meeting next month and any bad news brings buying in markets while good economic reports bring back fears of a rate hike and sellers step in.

After touching new highs in last couple of sessions, U.S. markets could retreat slightly today, either within this week’s range or maybe towards a deeper correction.

For major indexes, yesterday’s high and low points will make immediate range for today and this week’s range will be a broader trading frame for markets.

Any index falling below yesterday’s low mark could see more losses today.

Good luck, enjoy the session.

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