Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative as USA passed bill with Hong Kong intervention that might dent trade talks. The oil prices are at $62.85/bbl(-0.28%) Libya shuts down important field due to violence escalation. USDINR at 71.24(0.00%) as dollar index reduces and there is Essar steel amount due.
We expect markets to be Neutral to Positive as more government initiatives and Winter session of parliament starts.
Important Close Level is 11950/12240
Stock of the Day :
ZEE Entertainment Ltd. - SELL - Stop Loss - 325 & Target - 304/296
(IMP : Do not trade if opens at Stop loss/Target levels)
Three directors have resigned post Chairman resignation citing issues relating to management in regards of CSR spends , RTP and other expenses.
We would be negative for intraday trade.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS -
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.