Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia are mixed as shutdown continues with govt. payments defaulting. The oil prices are at $60.31/bbl(-0.40%) and USDINR at 70.46(0.10%) dollar index kept flat.
We expect markets to be Neutral to Negative as IIP has come way below than estimated and parliament session closed which can trigger the pending populist announcements as election approaches.
Important Day Close Level is 10672/10859
Stock of the Day :
SPARC Ltd. - Stop Loss 178/174 & Target - 190/199/215
Sales of XELPROS which was drug out-licensed to Sun Pharma by an agreement. This has triggered a milestone payment of $10 million by Sun Pharma to company. The revenue currently is Rs. 118 cr for past 4 quarters with heavy losses. This would change financials of the firm as it will be the first such agreement payment it has received.
We would be positive for intraday trade.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS


ALERT : PREVIOUSLY NIFTY CLOSED NEAR ALL IMPORTANT LEVELS INDICATING THERE WAS NO CLEAR SIGN OR BREAKING THE RANGE . WE SEE SOME UPSIDE WITH GLOBAL MARKETS AND WE HAVE STARTED INVESTED SOME CASH .
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.
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