Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are mixed with positive bias as USA China tradel second stage talks is going on and progressing well .The oil prices are at $67.52bbl(0.13%) as Venezuela port is facing blackout and not shipping oil and USDINR at 69.01(-0.01%) as Forex swap window finished yesterday and got three times bid.
We expect markets to be Neutral to Negative as there are profit taking situations in stock wise positions but index might be positive.
Important Day Close Level is 11070/11589
Stock of the Day :
Mindtree Ltd. - Stop Loss 939/925 & Target 965/982
Board decided to withdraw the buyback and would constitute independent directors to analyse L&T Open Offer . This is a sign that promoters and board are now turning more cooperative to such situation and this would lead to investors having less volatile situation going ahead.
We would be positive 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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