Today's Market Influencer :
Today Movement - Neutral to Negative
Asia markets and US market Future Indices are flat and positive respectively. Yuan has slided to lowest level in recent past .The oil prices are at $72.87/bbl (-0.10%) cause there was a level of short covering last night and USDINR at 68.68 (0.31%) giving it a down opening.
We expect today to be a Neutral to Negative as yesterday the PSU bank recap announcement kept the index in positive and Lok Sabha had admitted a No Confidence Motion against the government which will be voted on Friday.This would short term overhang on upside.
Stock of the Day :
RBL Bank Ltd. - Down Level 560/557 & Up Level 575/582
Result will be announced today which would mostly during market hours.The stock price is near all time high a beat in results will take it to new high intraday and might result in revisions of brokerage targets tomorrow morning.
POSITIONAL NIFTY LEVEL :
ALERT : ABOVE 1DAY LEVEL - YESTERDAY NIFTY BROKE AND CLOSED BELOW 30 MIN LEVEL. ON OUR MARKET BUBBLE INDICATOR STILL NO SIGN OF BIG BEAR BUBBLE SO WILL HOLD TO OUR INVESTMENTS.
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.