Today's Market Influencer :
Today Movement - Neutral to Positive
Asia markets and US market Future Indices are negative. Yuan has slided to lowest level in recent past to 6.8 there has been a lot of liquidity announcements in past 12 hours in China .The oil prices are at $72.64/bbl 0.04%) cause Saudi has said it wont oversupply market annd sees huge draw in second half of the year and USDINR at 69.12 (0.26%) giving it a down opening due to dollar rally.
We expect today to be a Neutral to Positive cause of Rupee movement which is impacting the market in short term and from 11 am the No confidence motion in Lok Sabha will start and should end by 6-7pm in evening thus having impact on Monday opening as well.
Stock of the Day :
Havells Ltd. - Down Level 561/549 & Up Level 570/580
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 :
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.