Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive China & Border deal come closer to reality.The oil prices are at $63.02/bbl(0.99%) as OPEC Monthly reports a cut of 797K b/d led by SAUDI and USDINR at 70.50(-0.06%) .
We expect markets to be Neutral to Positive as flows in ETFs continue and border & trade deal hope rises.
Important Day Close Level is 10861/111234
Stock of the Day :
Coal India Ltd. - Stop Loss 218/216 & Target - 227/230
Q3FY19 Results have surprised on the upside contributed by successful E-Auctions resulting in margin expansion to 27% from 20%. This is was accompanied with higher volume pick up resulting in 15% sales growth. With price below IPO price and good dividend yield it is positive view for the stock in short term.
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.