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Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia Indices slightly positive as trade optimism at high of the year. The oil prices are at $66.45/bbl(0.09%) as tariff cut by China is taken as big positive. USDINR at 71.22(0.00%) as crude reverses and there is worry on fiscal path.


We expect markets to be Neutral to Positive.

Important Close Level is 11830/12324


Stock of the Day :


NIIT Tech Ltd. - SELL - Stop Loss 1615 & Target - 1558/1529

(IMP : Do not trade if opens at Stop loss/Target levels)


Buyback approved of Rs. 337.5 cr that 3.1% of market cap with 20% of net worth. Promoters will also participate that will reduce acceptance ratio. Price of buyback is Rs.1725/share that is 9% premium from yesterday close.


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.