Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices flat to negative as USA house votes to impeach president but it has pass through senate where republicans have majority. The oil prices are at $66.14/bbl(0.00%) rise is due to demand picking up in Asia and Europe. USDINR at 71.00(0.00%) as crude is stable at higher levels but FII are still buyers due to global liquidity.
We expect markets to be Neutral to Positive.
Important Close Level is 11830/12324
Stock of the Day :
NMDC Ltd. - BUY - Stop Loss - 115 & Target - 124/128
(IMP : Do not trade if opens at Stop loss/Target levels)
Company signed an MoU with Andhra state to get a long term lease approval of mine . It has got approval for higher mining allowance from 7MTPA to 10 MTPA.
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.