Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices are flat and Asia is negative due to news of new tariff on good worth $200 Bn to which China has mentioned it will reply and China turned first time Current Account Deficit .The oil prices are at $73.5/bbl(0.05%) and USDINR at 68.62 ( +0.10%) giving slightly weak opening .
We expect today to be a Neutral to Positive as RBI does another rate hike and we expect one more soon as they are behind the curve which is risky to the system. As we expected the adjustment of the same happened yesterday to some extent and today we expect a pull back .
Stock of the Day :
VIP Industries Ltd. - Down Level 486/494/504
Results will be announced today June Quarter with previous consistent performance anticipation is high slight disappointment will result in a turn of stock price but have to look at volume growth for better assessment and a positive/negative surprise will result in bigger move either side.
POSITIONAL NIFTY LEVEL :
ALERT : YESTERDAY NIFTY CLOSED BELOW 30 MIN SUPPORT THIS COULD BRING SHORT POSITIONS, THOUGH ON OUR MARKET BUBBLE INDICATOR STILL NO SIGN OF BIG BEAR BUBBLE ANY OPEN ABOVE 30 MIN WILL C. WE WILL BOOK PROFIT OF OUR PROFIT IN LARGE CAPS AND CREATE CASH.
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.