Today's Market Influencer :
Today Movement - Neutral to Negative
Asia markets and US market Future Indices are positive and China is positive due to liquidity push it is providing. Yuan has stabilised near lowest level of 6.82 P2P lending crisis have taken place which is at $192 Billion market size .The oil prices are at $72.84/bbl(0.01%) cause Iran and US presidents tweeting for consequences of sanctions and touched high of $74/bbl and USDINR at 68.95 (-0.01%) giving it a weak opening.
We expect today to be a Neutral to Negative cause Impact of GST Council & No Confidence motion might still come at open but during day there might be some profit booking. Risk to this is FII have been buyer in small quantity for past two days.
Stock of the Day :
ICICI Prudential Life Insurance Company Ltd. - Down Level 370/357 & Up Level 385/403
Results will be announced today which would be mostly during market hours. A beat or miss will take into either direction and give it a decisive closing.
POSITIONAL NIFTY LEVEL :
ALERT : ABOVE 1WEEK LEVEL - YESTERDAY NIFTY CLOSED ABOVE 1 WEEK LEVEL THIS COULD BRING A BIG RALLY IN EVEN IN MIDCAP IF SUSTAINS THOUGHT 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.