NIFTY (1 DAY LEVEL )
ALERT : ABOVE 1DAY LEVEL - NIFTY YESTERDAY PASSED 1WEEK RESISTANCE LEVEL ON OUR INDICATOR AND CLOSED BELOW IT AT 11023. ON OUR MARKET BUBBLE INDICATOR STILL NO SIGN OF BIG BEAR BUBBLE SO WILL HOLD TO OUR INVESTMENTS.
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 in US markets there were buy on dips at work . The oil prices are at $74.08/bbl (-0.54%) but it has fallen from recent high of $78 and USDINR at 68.35 (+0.10%) but had fall from 68.50 levels overnight and then again in early morning.
We expect today to be a Neutral to Positive given the lower USDINR over night.
Stock of the Day :
Bharti Infratel Ltd. - Down Level 308/303 & Up Level 321/338
Yesterday it closed above its 1Day Level of our Indicator and it has been down due to merger with Indus Tower and inline quarters but we would be positive on it today given the yesterday close.