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Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia Indices are positive as trade talks progressed and there near term deal signing. The oil prices are at $61.4/bbl(-0.41%) as trade talks progress and OPEC talks of further cuts in December. USDINR at 70.76(0.00%) as dollar index softens at three month.


We expect markets to be Neutral to Positive as FII are still positive and there is better breakouts in midcap

Important Close Level is 11580/12021


Stock of the Day :


Future Retail Ltd. - SELL - Stop Loss - 385 & Target - 370/365

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


Amazon deal with Future group in hurdle as the regulator has sent various queries on the deal that will delay progress.


We would be negative 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.