Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices slightly positive as trade optimism at high of the year. The oil prices are at $66.45/bbl(0.09%) as tariff cut by China is taken as big positive. USDINR at 71.22(0.00%) as crude reverses and there is worry on fiscal path.
We expect markets to be Neutral to Positive.
Important Close Level is 11830/12324
Stock of the Day :
NIIT Tech Ltd. - SELL - Stop Loss 1615 & Target - 1558/1529
(IMP : Do not trade if opens at Stop loss/Target levels)
Buyback approved of Rs. 337.5 cr that 3.1% of market cap with 20% of net worth. Promoters will also participate that will reduce acceptance ratio. Price of buyback is Rs.1725/share that is 9% premium from yesterday close.
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.