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Today's Market Influencer :

Today Movement - Neutral to Positive

US market Future Indices and Asia Indices are positive as US China have reached phase one deal in-principle though there is no official announcement . The oil prices are at $64.64/bbl(0.43%) as trade deal news provides optimism. USDINR at 70.57(-0.01%) as crude spike but Dollar index is lower

We expect markets to be Neutral to Negative.

Important Close Level is 11738/12240

Stock of the Day :

Dr. Reddy Laboratories Ltd. - SELL - Stop Loss - 2950 & Target - 2860/2800/2770

(IMP : Do not trade if opens at Stop loss/Target levels)

One of the competitor has got USFDA approval for a generic drug for which the company received approval 8 months back is a Billion dollar drug but now due to competition that might further enhance there will be change in estimates.

We would be negative for intraday trade.



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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