Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive.The oil prices are at $73.67/bbl(0.66%) and USDINR at 68.5 ( -0.01%) giving flat opening .
We expect today to be a Neutral to Positive as we expected the adjustment of the same happened Thursday to some extent and today we expect a pull back .
Stock of the Day :
Tejas Network Ltd. - Down Level 254/248 & Up Level 270/278
Friday Block Deal happened where promoters sold stake to Birla MF and East Bridge both large Institutions and we believe this is positive as it happened at low end of the price.
POSITIONAL NIFTY LEVEL :
ALERT : YESTERDAY NIFTY CLOSED BELOW 30 MIN & 2MIN 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 LEAD TO ANOTHER RALLY. WE WILL BOOK PROFIT OF OUR PROFIT IN LARGE CAPS AND CREATE CASH OR SHIFT TO MIDCAPS.
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.