Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative as Hong Kong bill hurts trade talks and USA puts more tariff on steel from Brazil and Argentina. The oil prices are at $61.11/bbl(-0.38%) as trade talk faces more issues. USDINR at 71.64(0.00%) as FII selling continues for second day.
We expect markets to be Neutral to Positive as DII have been buying at lower levels.
Important Close Level is 11950/12240
Stock of the Day :
Tata Motors Ltd. - BUY - Stop Loss - 157 & Target - 167.172
(IMP : Do not trade if opens at Stop loss/Target levels)
CV saw an improvement on monthly basis as BS VI compliant date comes closer. And wonn order to provide 2300 buses to Five states by Feb 2020.
We would be positive 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.