Today's Market Influencer :
Today Movement - Neutral to Negative
Asia markets and US market Future Indices are negative Nasdaq is negative on FaceBook results and guidance lower.The oil prices are at $74.36/bbl(0.76%) cause Saudi announcing halt of oil tanker through Strait near Yemen as last evening it reported an attack on Saudi oil tanker by Yemeni aggressive and USDINR at 68.71 ( 0.17%) giving it a stronger opening due US dollar weakened overnight.
We expect today to be a Neutral to Negative cause of yesterday FII data coming at -1195 bringing profit booking and selling back.
Stock of the Day :
Yes Bank Ltd. - Down Level 375/357& Up Level 388/392+
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 BELOW 2 MIN SUPPORT THIS COULD BRING PROFIT BOOKING, THOUGH ON OUR MARKET BUBBLE INDICATOR STILL NO SIGN OF BIG BEAR BUBBLE . WE WILL START BOOKING SOME OF OUR PROFIT IN LARGE CAPS .
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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