Today's Market Influencer :
Today Movement - Negative
US market Future Indices and Asia are positive with US closing a negative of 2%+ in all indices. The oil prices are at $79.69/bbl(-0.18%) reversal happened because US Crude inventories number build up cause of hurricane on gulf of Mexico. USDINR at 73.63( -0.23%) will open lower as dollar increases strength with Yuan devalue most since past 21 months it may go lower during markets as overnight was 74.10 .
We expect today to be a Negative , Rupee open is lower but might see much lower during market as oil will reduced on US crude numbers. FII continue have become negative again and NBFCs problems are amplifying.
Important Day Level is 10230/10335
Stock of the Day :
Jet Airways Ltd. - Down Level 210/204 & 220/234
Crude prices reduced by $2 in last 48 hrs due to US crude inventory build up in addition to that PTI has mentioned that Tata Sons is interested in buying stake in Jet Airways with management control this till clarified will be positive for the stock.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED BELOW 1WEEK ,1DAY AND 30 MIN AND 2MIN SUPPORT , WHICH INDICATES A SLIGHT REVERSAL. BUT WE BELIEVE CLOSE OF BELOW 10230 WILL BRING NEW LEVEL OF SHORT AND CAN EXTEND THE FALL. WE WOULD BE WITH CASH FOR INVESTING AT LOWER LEVELS AS COMING 3 MONTHS WILL BE VOLATILE.
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.