Stock Trading Tips | Performing Small Cap
Internationally Major Indices Are Trading In A Range Of 7%-8% With Huge Volatility. Nifty Will Take Direction If This Range Gives Breakout In International Markets
International Market is trading volatile in a broader range with no clear direction. S&P has been trading between 2815 to 2604 and has been trading highly volatile from 11th Oct 2018 till date with no clear direction taking cues of tariff war between China and India. Dax has been trading between 11850 to 11050. Nikkei is trading between 23000 to 20950 in the same period. Hang Seng is trading between 26450 to 24540 from 11th Oct till date. This shows that all major indices have been trading highly volatile between a range of 7% to 8% from last 1 month. If these indices breach any side of the range, then, we might get a clear direction in the Indian market.
Indian markets for the week traded in a narrow range with no clear direction. The Indian benchmark Index Nifty closed at 10682 after making a low of 10441. Cash Market Benchmark Index Small Cap closed at 6247 after making a high of 6341 and low of 6191.
FII+PRO in combined have bought 87947 contracts in Index Options in current expiry. For the coming week if Nifty trades above 10710 and Small cap trades above 6341, then fresh buying may be seen in the markets.
The US 10 Year T-Note is trading at 119.23. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.32.
Performing Small Cap Shares as in the last week-
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