Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices positive China announces another round of tariff cuts from Jan 1 this third round of cuts. The oil prices are at $65.97/bbl(-0.26%) as Rigs count in USA increase that would also increase the supply. USDINR at 71.06(0.00%) as crude cools off and FII buying continues.
We expect markets to be Neutral to Positive.
Important Close Level is 11830/12324
Stock of the Day :
Ultratech Cement Ltd. - BUY - Stop Loss - 4000 & Target - 4235/4345
(IMP : Do not trade if opens at Stop loss/Target levels)
According to news reports company is front-runner for Emami Cement at cost of Rs. 6,000-7,000cr this would increase the market share in eastern region that was weakness of the company.
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.