Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are positive as trade talk optimism returns. The oil prices are at $63.2/bbl(-0.14%) as JMMC has recommended 500k b/d further cut that would mean 1.7 mn b/d that is already taking place on ground as compliance is 140%. USDINR at 71.24(0.02%) as FII selling pause along with RBI holding rate cuts.
We expect markets to be Neutral to Negative.
Important Close Level is 11950/12240
Stock of the Day :
MindTree Ltd. - BUY - Stop Loss - 358 & Target - 381/390
(IMP : Do not trade if opens at Stop loss/Target levels)
QIP was fully subscribed total amount of Rs. 2027cr by placing 4 cr to various financial institutions at price of Rs. 351.
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.