Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are positive as USA has mentioned that deal will double exports to China in two years majorly led by agri products . The oil prices are at $65.31/bbl(-0.05%) flat after three day rally on trade deal. USDINR at 70.92(0.00%) as crude spike and protests in the country raise risk of outflow.
We expect markets to be Neutral to Positive.
Important Close Level is 11738/12240
Stock of the Day :
Apollo Hospital Ltd. - SELL - Stop Loss - 1405 & Target - 1335/1314
(IMP : Do not trade if opens at Stop loss/Target levels)
According to Reports HDFC has lend $100 Mn to the promoters to repay debt as there was an overhang of the pledge stock and high corporate debt. We have negative outlook for the company.
We would be negative 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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