Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices are shut on president day and Asia are positive .The oil prices are at $66.15/bbl(-0.28%) and USDINR at 71.34(0.01%) .
We expect markets to be Neutral to Positive as RBI board meeting takes place today.
Important Day Close Level is 10758/111234
Stock of the Day :
Reliance Capital Ltd. - Stop Loss 136/132 & Target - 146/149/152
ADAG group reached deal with 90% lenders not to sell pledged shares. This will have impact on shorts position.
We would be positive for intraday trade.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED NEAR ALL IMPORTANT LEVELS INDICATING THERE WAS NO CLEAR SIGN OR BREAKING THE RANGE . WE SEE SOME UPSIDE WITH GLOBAL MARKETS AND WE HAVE STARTED INVESTED SOME CASH WHICH IS AT 20% LEVEL AS OF NOW.
Note : These are derived from an Internal Indicator and any movement or close below/above Support/Resistance of one time period moves the Support/Resistance to next time period.
Example : if current market levels is below or above 2 min levels then immediate levels to keep watch are 30 Min levels.