Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia is positive, Friday night US market closed with 0.35% .The oil prices are at $72.15/bbl(-0.06%) and USDINR at 69.69 ( -0.10%).
We expect today to be a Neutral to Negative as the NIFTY has made new high but there should be some profit booking coming at some point of the day .
Stock of the Day :
Reliance Industries Ltd. - Down Level 1210/1190 & Up Level New High
Reliance has maintained addition of 97 lakh subscribers MoM basis which is helping it gain market share in pre paid & post paid segments this would also put in positive trend for the day.
POSITIONAL NIFTY LEVEL :
ALERT : YESTERDAY NIFTY CLOSED ABOVE 30 MIN & NEAR 2MIN SUPPORT AND A NEW HIGH WAS FORMED WHICH WE BELIEVE WILL STAY FOR AS OUR INDICATOR IS NOT SHOWING ANY BUBBLE AS YET.
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.