Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight negative as profit booking on two day rally takes place . The oil prices are at $65.77/bbl(-0.15%) lower from high of 66.16 over night as US Inventories shows a build up. USDINR at 71.04(0.00%) as crude spikes but FII are still buyers due to global liquidity.
We expect markets to be Neutral to Positive.
Important Close Level is 11738/12240
Stock of the Day :
Glenmark Ltd. - SELL - Stop Loss - 351 & Target - 338/332
(IMP : Do not trade if opens at Stop loss/Target levels)
Company recalls tablets in USA due to impurities found in them that were alerted by USFDA.
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.