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NIFTY LEVELS





ALERT : ABOVE 1DAY LEVEL - NIFTY HAS MAINTAINED WELL ABOVE THE 1 DAY LEVEL OF 10713 . YESTERDAY NIFTY WAS FLAT DUE TO GIVEN TRADE WAR THREAT EFFECTING USDINR AND POSITIVE WAS TCS RESULTS WHICH WAS 5.5% UP HELPING THE INDEX.


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 - Neutral to Positive


Asia markets and US market Future Indices are positive but overnight were negative . The oil prices are at $74.44/bbl (0.54%) but it has fallen from $78 to $ 73.5 overnight, it is mainly due to LIBYA ports coming back to government which would increase the output levels , OPEC released June data showing a 400,000 bbl increase with USA inventories big draw and USDINR at 68.77 (-0.10%).


We expect today to be a Neutral to Positive given the lower oil prices over night.


Stock of the Day :


Bharat Petroleum Corporation Ltd. - Down Level 367/364 & Up Level 374/395


Brent Oil prices were 74.44 with a -6% drop overnight due to Libya government getting back ports , US big inventory number ,OPEC June data showing a 400,000 bbl and Russia deciding it can increase production till 600,000 bbl if OPEC deal increases.



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