Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative, as brexit vote fails on the new revised deal as well.The oil prices are at $66.77/bbl(-0.05%) as US Shale production growth is revised downwards and USDINR at 69.57(0.01%) as FIIs pick up speed and increase the capital inflow.
We expect markets to be Neutral to Positive as FIIs inflows keep increasing and election dates restrict certain opposition to cross state campaigning.
Important Day Close Level is 11070/11377
Stock of the Day :
SpiceJet Ltd. - Stop Loss 79/83 & Target 76/73/71
Ministry of Civil Aviation has announced to ground all Boeing 737 Max 8 which consists of at least 10-12 aircrafts of SpiceJet fleet this would impact the flight operations. Boeing has mentioned that software update will be done within weeks. But the overhang for company is the new deliveries are also of the same make and it has ordered biggest number Boeing 737 Max 8 which might create issue of fleet additions in short term.
We would be negative for intraday trade.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
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.
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