Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive, USA President will be meeting Kim on Wednesday Evening .The oil prices are at $64.52/bbl(-0.68%) as USA President tweeted against high prices to OPEC. USDINR at 71.05(0.31%) as crude prices fell it touched overnight high of 70.83 which might come during day.
We expect markets to be Neutral to Positive as crude prices are lower and the buying momentum will continue.
Important Day Close Level is 10589/10956
Stock of the Day :
SpiceJet Ltd. - Stop Loss 74/72 & Target 80/84
Airline is in process to launch 20-25 new domestic routes by March 2019 and is still highest load factor airlines.Overnight USA president tweeted against the crude price rise which resulted in drop of the prices to extend of 4%. This also helps the airlines as it is main raw material for the company.
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.