Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are negative as there is no indication that the December 15th Tariff will be delayed. The oil prices are at $63.91/bbl(-0.41%) as the US Inventories are expected show a build up of 1.3 Mn bbl. USDINR at 70.81(-0.01%) as FII outflow is limited and crude is stable.
We expect markets to be Neutral to Negative.
Important Close Level is 11950/12240
Stock of the Day :
Reliance Industries Ltd. - BUY - Stop Loss - 1550 & Target - 1578/1599
(IMP : Do not trade if opens at Stop loss/Target levels)
Company does a joint venture with ADNOC for petrochemical production that will help it expand the product profile. It has also emerged as highest bidder for assets of RCom.
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.