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Today's Market Influencer :


Today Movement - Neutral to Negative


US market Future Indices and Asia Indices are slight negative as China investigate FedEX on Huawei packages .The oil prices are at $63.23/bbl(0.16%) and USDINR at 69.09(0.09%) .


We expect markets to be Neutral to Negative.

Important Close Level is 11175/11375


Stock of the Day :


AU Small Finance Bank Ltd. - BUY - Stop Loss 624/620 & Target 640/652/670

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


Reported NII at 396cr vs ` 287cr, up 38% YoY Reported PAT at `190cr vs `77 cr, up 148% Reported Gross NPA at 2.1% vs 2.2% YoY vs 2.0% QoQ Reported Net NPA at 1.3% vs 1.4% YoY vs 1.3% QoQ. The results were better than other small private banks and improvement in Asset Quality.


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. INCREASE CASH ALLOCATION TO 35%.


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.