Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices positive as USA-China deal signing is being discussed and USA house passed vote on USCMA deal. The oil prices are at $66.59/bbl(0.03%) rise as trade war fades and trade deal stage becomes reality. USDINR at 71.18(0.00%) as crude spikes but remains under control due to FII buying.
We expect markets to be Neutral to Positive.
Important Close Level is 11830/12324
Stock of the Day :
UBL Ltd. - SELL - Stop Loss - 1245 & Target - 1201/1190
(IMP : Do not trade if opens at Stop loss/Target levels)
Delhi government has banned sale of wine and beer from 125 departmental stores that were given license. This would impact the company has Delhi is one of the major market and might impact margins and volume further as new policy will only come post state elections in Feb 2020.
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.