Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are negative as Treasury Sec. clarified that Turmp & Xi meeting is fixed yet.The oil prices are at $62.48/bbl(-0.33%) saw high of $63 as supply growth is lower than estimated and USDINR at 71.69(0.12%).
We expect markets to be Neutral to Positive as MPC meeting result will be out at 1145am which make the a good support to this rally and if not as expected might see a little downside.
Important Day Close Level is 10861/111234
Stock of the Day :
Indraprastha Gas Ltd. - Stop Loss 292/289 & Target - 308/317
Results were inline as per estimates with CNG volume growth of 13% YoY and PNG volume growth of 10% YoY though price hikes were taken in middle of quarter the full impact will come in Q4FY19.
We would be positive for intraday trade.
POSITIONAL NIFTY LEVEL :
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 20% 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.