Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive, US President extends deadline for tariff increase as the deal progress is positive .The oil prices are at $67.15/bbl(-0.16%) as Venezuela crisis increases and put risks to oil supply. USDINR at 70.97(-0.09%) as emerging markets see inflow due to trade talks.
We expect markets to be Neutral to Positive as Real Estate GST is rationalised and 1.01cr Farmers get first instalment of PM Kisan scheme.
Important Day Close Level is 10589/10956
Stock of the Day :
DLF Ltd. - Stop Loss 163/159 & Target 173/180
GST Council meet decided to reduce real estate sector GST rate to 5% for non-affordable housing and 1% for affordable housing. This would boost organised big real estate developers as they will be able to sell more inventory.
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.