Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative as Hong Kong tension rise and trade talk show no progress. The oil prices are at $63.05/bbl(-0.38%) Iran has also shut of oil supply from its region. USDINR at 71.50(0.00%) as crude firms up and GDP is expected to be lower.
We expect markets to be Neutral to Positive as more government initiatives and Winter session of parliament starts.
Important Close Level is 11950/12240
Stock of the Day :
Bharti Airtel Ltd. - BUY - Stop Loss - 424 & Target - 451/460
(IMP : Do not trade if opens at Stop loss/Target levels)
Company will announce tariff hike on 1st December that might be in range of 15% -20% but resulting in a sentiment improvement in the stock. Though medium and long term we are negative.
We would be positive for intraday trade.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS -
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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