You never know.

While we were sleeping

The US markets closed flat. Attempts to move higher did not quite succeed. The bull case is that they did not go down, so this one is neutral.
But, Asia has opened higher, and, thanks to almost a one percent gain in the Nikkei (so far) the S&P500 is trading higher in after market hours trading.

For Swing traders/Day traders in the Nifty, the Daily Pivot for Near Month Futures is 6035. Bullish above this number, bearish below it. The ORB (Opening Range BReakout) may also be appropriate for today’s trading.

Silver: yesterday evening I took a small position(long) in Silver. Overnight Silver is higher. I am using simple trend following methods to track my position.

In the USA, GM is coming up with an IPO that is about 23.1 billion dollars. That’s about One lakh crore rupees. Coal India was fifteen thousand crores, so this one is certainly big.