Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are positive as there is some sense of agreement to roll back tariff by US & China. The oil prices are at $62.22/bbl(-0.14%) as trade optimism continues but OPEC+ cut is not being discussed. USDINR at 71.05(0.00%) as dollar index strengthen and crude price is up.
We expect markets to be Neutral to Positive as FII flows via active funds come and there is shift to broader market.
Important Close Level is 11580/12021
Stock of the Day :
DLF Ltd. - SELL - Stop Loss - 196 & Target - 185/183
(IMP : Do not trade if opens at Stop loss/Target levels)
Results were below estimate as Revenue were lower due to lesser volume than previous year and quarter. Margins came in lower to rise in cost and lower realisations. Risk is inclusion in MSCI India Index.
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 UNTIL NEW SET OF REFORMS ARE ANNOUNCED BY GOVERNMENT . THE DATA IS STILL WEAK THOUGH THERE WAS UPTICK IN OCTOBER BY REFORM DEPENDENT MOVE IN NOVEMBER.
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.