Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are negative as FED kept the rates unchanged and USA president will discuss tariff today with team. The oil prices are at $63.97/bbl(0.22%) as came higher than anticipated but there is higher OPEC cut. USDINR at 70.71(-0.01%) as FII outflow is limited and crude is stable.
We expect markets to be Neutral to Negative.
Important Close Level is 11716/12240
Stock of the Day :
Indian Oil Corp. Ltd. - BUY - Stop Loss - 122 & Target - 128/131
(IMP : Do not trade if opens at Stop loss/Target levels)
There has been double digit growth in fuel consumption in November that is a positive after low single digit consumption in past few months especially in Diesel. Crude also is stable after OPEC+ announcement.
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.