Today's Market Influencer :
Today Movement - Neutral to Negative
Asia markets and US market Future Indices are negative.USA will be announcing $12 Bn package for Farmers and is to propose new tariffs on $15 Bn Imports today .The oil prices are at $74/bbl(0.76%) cause of US inventory draw came at -3.6 mn bbls lower than expected. and USDINR at 68.92 (-0.17%) giving it a weak opening.
We expect today to be a Neutral to Negative cause of higher crude prices and rupee closer to lowest levels any spike will reduce the positive open.
Stock of the Day :
KPIT Technologies Ltd. - Down Level 282/275 & Up Level 303/New High
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 :
NIFTY LEVELS
ALERT : ABOVE 1WEEK LEVEL - YESTERDAY NIFTY CLOSED VERY CLOSE TO PREVIOUS HIGH OF 11171 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.
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