Today's Market Influencer :
Today Movement - Neutral to Negative
Asia markets and US market Future Indices are flat and positive respectively. Nasdaq closed at record high due to FANG rise. Now FANG account for almost 80% of S&P500 2018 YTD movement.
The oil prices are at $71.87/bbl (-0.37%) cause the US showed a surprised crude inventory built up and USDINR at 68.37 (0.01%) giving it a flat opening.
We expect today to be a Neutral to Negative as yesterday the PSU bank recap announcement and Federal Bank results which have already been factored in yesterday movement . Today is the first day of the Monsoon Session and we expect it to be adjourned and that might impact the markets in intraday.
Stock of the Day :
Bandhan Bank Ltd. - Down Level 560/550 & Up Level 568/580
Result will be announced today which would mostly during market hours.The stock price is near all time high a beat in results will take it to new high intraday and might result in revisions of brokerage targets tomorrow morning.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
ALERT : ABOVE 1DAY LEVEL - YESTERDAY NIFTY BROKE AND CLOSED BELOW 30 MIN LEVEL. 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.
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