Today's Market Influencer :
Today Movement - Neutral to Positive
Asia markets and US market Future Indices are negative and China is positive due to liquidity push it is providing. Yuan has stabilised near lowest level of 6.75 P2P lending crisis have taken place which is at $192 Billion market size .The oil prices are at $73/bbl(0.01%) cause Iran over the weekend have issued a statement of blocking all the exports from its areas if USA forces to block Iran exports due to sanctions and USDINR at 68.71 (-0.01%) giving it a flat opening.
We expect today to be a Neutral to Positive cause of No Confidence Motion results being announced against it. GST Council announced rationalisation of many products GST rates to lower bracket and Quarterly fillings for traders with revenue below Rs. 5 crore. This would have positive impact on Paint , Consumer durable sector companies today.
Stock of the Day :
Bajaj Electricals Ltd. - Down Level 539/530 & Up Level 557/582
GST rates rationalisation has led to reduction in a lot of consumer durable products and in some products company is present as well. We see a positive impact on the company stock price today due to the announcement.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
ALERT : ABOVE 1DAY LEVEL - YESTERDAY NIFTY CLOSED NEAR 1WEEK LEVEL IF IT CLOSES ABOVE IT THEN COULD SEE A BIG RALLY 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.
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