Yen has dropped against Dollar in early trade, helping Asian stocks to o higher. SGX Nifty is trading some points lower today. But this futures index had traded higher on Thursday, when Indian stock markets were closed, so based on those numbers, SGX Nifty is still trading higher with big gains. This is quite confusing so I guess pre open numbers in Indian stock markets will decide how those markets will open today.
Overall, we can expect. Day traders should watch the weekly support and resistance levels in their local index to know this range and trade within those levels. Weekly Trend Analysis of U. Perhaps that is why Bank Nifty traded in ant-like small range in its last two sessions even though Nifty traded down and closed with considerable losses on Friday.
SGX Nifty had rallied with U. But, Indian stock markets are know to be controlled by speculators and so, we will come to know how these markets trade only when global stocks markets open in Asia on Monday. These markets have also been trading in a weekly range and just like U. Nifty had faced strong resistance near 10, last week.
That resistance is still in place. The index had found support near 9, and that too is still safe. If Nifty and Bank Nifty cross above their respective high levels of last two weeks, which should not happen by logic but then market speculators can achieve anything in these markets, then more gains could be expected till Nifty and Bank Nifty reach higher resistance levels.
Overall, a range bound trading pattern seems possible for Indian stock markets next week. Bank Nifty may dominate the short trend trend which could remain choppy too. Time to wake up our brain cells after a long weekend and be ready for an interesting week in U. Interesting because a lot of things have happened during the weekend which could have big impact on U. Technically, the overall trend in U. Although the last week saw a positive closing for all major U. In such a scenario, there are two trend possibilities for major U.
This weekly chart of Dow Jones will make things clearer:. This kind of pattern is usually considered negative. However, the small positive candlestick is shaped like a hammer, which usually signals a possible trend reversals in downtrend. You can also see, the index is trading within its Day and Day Moving averages on weekly charts indicated by blue arrows.
So, these two technical levels will create its immediate trading range. But there have been some news developments through the weekend that can have negative impact on the tech sector in U. Three companies in the U.
Tesla had to recall , Model S cars due to faulty steering part. The company revealed that the car was on autopilot when it crashed and killed its driver. Facebook also found itself in another controversy when a highly controversial memo from its executive Andrew Bosworth surfaced.
The memo had encouraged business growth at all costs even if it meant people used their platform for cyber bullying and planning terrorist attacks. So, this stock may see a return of previous selling pressure. The third tech stock is Amazon which is facing heat from none other than the President Trump himself. That may drag down other indexes too as we saw last week.
After that, the trend may depend on how Nasdaq and bigger tech stocks trade. As we had mentioned yesterday, Dow Jones is currently facing resistance near 24, ad 24, levels and has support near 23, 23, marks.
Other major stock indexes are also expected to trade within their previous high and low levels. In the technology sector, Amazon is the only big tech stock trading negative in pre open market today. Tech stocks will again be trend deciding factor for U. Overall, the intraday trend is expected to remain range bound and choppy like previous session before markets close for a long weekend.
Day traders should watch intraday support and resistance levels in major U. These intraday trading levels are given on our Pivot Trading page, or you can check those here:. The trading range is expected to remain narrow if stocks trade higher but the same cannot be said if U. Market volatility is expected to remain high. World stock markets have started their last session of this week with mixed numbers, although the trend still remains quite weak.
Major Asian stock markets are trading with a mixed pattern, some markets are positive while some are down in the red. But in Asia session, U. SGX Nifty is slightly lower but Indian stock markets are closed today for a local holiday, so slight change in SGX numbers should not worry Indian traders.
European stock markets are showing considerable weakness. Global stock markets are preparing for a long weekend where all major markets will shut down on Friday and most of these markets will remain close on Monday too for Good Friday and Easter Monday holidays.
That can affect trading volume and so the trading pattern can remain subdued and the trading range in various markets can turn narrowly range bound. Day traders should watch the intraday support and resistance levels of their local index and trade with the short term trend, which is expected to remain choppy and range bound in this closing session of the week.
Home Global Stocks U. US Stock Markets Today: Or, finds those levels here: Stock Market Tagged day trading in U. Indian Stock Markets Today: Intraday trading levels for Bank Nifty Intraday trading levels for Nifty Intraday trading levels for Nifty IT Intraday trading levels for Sensex Expect a choppy and range bound trading pattern in Indian stock markets today.
World Stock Markets Today: Expect a choppy trend in U. This levels are given on our Pivot Trading page, or you can find those levels here: Trade the DAX 30 Germany 30 - with leverage of upto Wanneer de posities wat langer worden aangehouden spreekt men van swing trading. High-frequency traders, in de regel zijn dit algoritmes,. Door te traden met een systeem bestaat dat gevaar niet. The leading global derivatives exchange trading,. Market data and technology. Meld je aan als trader.
CFDs, Spreadbetting and FX involve a high level of risk and you can lose more than your original investment. Trading System experiencing issues. Dit betreft euro huidige margin en euro. Perhaps you're looking for a change from your usual trading pattern, and are prepared to look further afield to see what is available to you.