Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia are flat to positive but Friday US close was flat as NASDAQ faced a lot of selling. The oil prices are at $83.91bbl(0.10%) reversal happened after Iran told that Saudi was only satisfying USA by saying that market has replaced its supply and USDINR at 73.92 ( 0.07%) will open higher and might see lower levels during the markets if crude reverses further .
We expect today to be a Negative day Oil has reverse and Rupee open is flat. FII continue to sell heavy in the markets and Liquid Funds have seen big outflow which might squeeze CP markets and risk yields higher.
Important Day Level is 10245/10423.
Stock of the Day :
HDFC Ltd. - Down Level 1642.5/New Low 3-5% & 1680/1717
NHB has revised the limit of its funding to Rs. 30,000 cr from Rs. 24,000cr which would be positive for today but overall it has only sanction Rs 8,800 cr till date .
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED BELOW 1WEEK ,1DAY , 30 MIN AND ABOVE 2MIN SUPPORT , WE BELIEVE THIS A VERY NEGATIVE INDICATION THERE MIGHT BE BOUNCES BUT WE ESTIMATE THIS IS NOT GOING TO SETTEL SOON WHICH IS WHY WE RECOMMEND TO CREATE CASH FURTHER TAKING A BIT LOSS AND WAIT TILL REVERSAL SEEN.
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.