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Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia Indices are negative as profit booking takes place though current US-China talks have ended.The oil prices are at $70.52/bbl(0.27%) as US-China deal outlook is volatile so does the oil outlook becomes touching overnight low of below $70/bbl and USDINR at 69.43(-0.02%) as crude softens so does the currency.


We expect markets to be Neutral to Positive as crude prices softens and major results are inline.


Important Day Close Level is 11470/11770


Stock of the Day :


Blue Star Ltd. - Stop Loss 676/665 & Target 696/710


Q4FY19 were better than estimated given lower spend other expenses. Segmental wise Unitary Products EBIT margin came at 10.4% compared to 6.7% in March 2018 and Industry Solutions EBIT Margin came at 32% compared to 13% in March 2018. Balance Sheet showed an improvement in terms of inventories coming lower but high trade receivables.


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 BOOKED SOME PROFITS AND INCREASED CASH POSITION TO 30%.


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.