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Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia Indices are flat as sentimental positive rally is done and USA prepares list of good from EU for tariff hike.The oil prices are at $64.94/bbl(-0.18%)as OPEC decides on 9 month extension with level cut . USDINR at 68.99(0.13%) dollar index has reversed its losses.


We expect markets to be Neutral to Positive as sentimental rally completes but now focus is on Budget announcements.

Important Close Level is 11746/906


Stock of the Day :


GE Power India Ltd. - BUY - Stop Loss 850/837 & Target 878/893/905

(IMP : Do not trade if opens at Stop loss/Target levels)


Company received an order of Rs. 2311 cr from NTPC for Wet Flue Gas Desulfurization Systems which is for emission control at power plants.


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 UPSIDE WITH FIIs BUYING AROUND 55,000-60,000cr DURING SIX MONTHS POST ELECTION WHICH WOULD BRING BIG UPSIDE IN MIDCAPS TOO. REDUCE CASH ALLOCATION TO 25%.


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.