Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive , US last night imposed non-oil sanctions on Iran and Iran government has given a signal that it is open to meet post the sanctions..The oil prices are at $74/bbl(0.34%) and USDINR at 68.90 ( 0.12%%) giving weak opening .
We expect today to be a Neutral to Positive as we expected the adjustment of the same happened Thursday to some extent.
Stock of the Day :
Punjab National Bank - Down Level 88.34/85.5 & Up Level 93.4/95.2
Allotted government with securities worth Rs. 2816 cr and Today result is to be announced which might show stable NPA and some recovery leading to positive move but any disappointment will lead it down levels.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
ALERT : YESTERDAY NIFTY CLOSED BELOW 30 MIN & BELOW 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.
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