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Today's Market Influencer :


Today Movement - Neutral to Negative


US market Future Indices and Asia Indices are positive as FED did a rate cut and APEC was canceled. The oil prices are at $60.45/bbl(-0.18%) as US Inventories were higher than anticipated. USDINR at 70.95(0.00%) as dollar index and FED cut.


We expect markets to be Neutral to Negative there might be some volatility due to expiry.

Important Close Level is 11580/930


Stock of the Day :


Ramco Cements Ltd. - BUY - Stop Loss - 758 & Target - 792/800

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


Results showed a 10% volume growth with good operating metrics.


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 DO NOT SEE ANY MAJOR UPSIDE OTHER THAN SOME RELIEF RALLY AND STOCK SPECIFIC RALLIES . THE DATA IS STILL WEAK THOUGH THERE WILL SOME UPTICK IN OCTOBER.


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.