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NIFTY LEVELS



NIFTY ( 1 Day Chart)


ALERT : ABOVE 1DAY LEVEL - NIFTY HAS MAINTAINED WELL ABOVE THE 1 DAY LEVEL OF 10700 . Q1FY19 RESULTS START TODAY WITH TCS & INDUSIND RESULTS IF THE RESULTS THIS QUARTER COME BETTER THAN ESTIMATE (WHICH ARE LOW) THEN WE CAN EXPECT NEW HIGHS.


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.


Today's Market Influencer :


Today Movement - Positive


Asia markets and US market Future Indices are positive. The oil prices are at $78.41/bbl (0.45%) it is mainly due to LIBYA ports being under militants and output dropping at high speed and USDINR at 68.78 (0.19%).


We expect today to be a Neutral to Positive day given TCS & INDUSIND BANK are to report results and they are estimated to perform better QoQ . We also see a slight up day for crude and USDINR which would put a the negative in the market.


Stock of the Day :


Dish TV India Ltd.. - Down Level 72.44/72 & Up Level 73.39/74.6


This is first result post merger of Dish TV & Videocon D2H . The synergies have come in place in the first result itself taking EBITDA Margin to 35% and ARPU to 214 . The merger made the companies profitable o combined basis.


Result detailed press release.

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