Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are negative as USA President said should wait post next elections for trade deal. The oil prices are at $61.33/bbl(0.82%) as OPEC+ meeting starts tomorrow and Aramco to be listed as well. USDINR at 71.74(0.00%) as FII selling continues for second day and crude is high
We expect markets to be Neutral to Negative as FII selling is heavy in large caps but there is some profits in MidCap.
Important Close Level is 11950/12240
Stock of the Day :
MindTree Ltd. - BUY - Stop Loss - 702 & Target - 729/740
(IMP : Do not trade if opens at Stop loss/Target levels)
MindTree Analyst meet outcome was positive mentioned that the clients stayed put post L&T take over and management changes are done with.
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.