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Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia are positive as FED keeps the rate unchanged with changing to accommodative and patient stance . The oil prices are at $62.06/bbl(0.20%) and USDINR at 70.9(0.00%) as dollar index is down given the FED stance.


We expect markets to be Neutral to Positive as short covering to come in and today is expiry day which should end on positive with anticipation buying for tomorrow budget day.


Important Day Close Level is 10549/10854


Stock of the Day :


LIC Housing Ltd. - Stop Loss 419/414 & Target - 446/457/465


Q3FY19 result were better than estimated as Disbursals were up by 4% YoY and AUM grew 16.3% YoY which is best in past 12 quarters. NIMS were stable at 2.33% vs 2.35% YoY. NII came at 1042 cr against estimate of 1015cr and profit was at 596cr.


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 WHICH IS AT 30% LEVEL AS OF NOW.


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.