Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia is slight positive, last night US market closed with 0.8% which was due to China and US restarting the Trade talks .The oil prices are at $71.39/bbl(-0.06%) and USDINR at 70.02 ( 0.00%) this is after hitting low of 70.39 yesterday during market hours there was some profit booking through the EM currencies.
We expect today to be a Neutral to Positive as currency impact will be taken positive relief until spike comes during the market and markets are positive which would support it.
Stock of the Day :
ICICI Bank Ltd. - Down Level 325/320 & Up Level 340/347
There is shifting of allocation of funds from retail banks to corporate banks which have got the prices to near term high and if breakout is there today then might make new high.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
ALERT : YESTERDAY NIFTY CLOSED BELOW 30 MIN & BELOW 2MIN SUPPORT THIS COULD LEAD TO CONSOLIDATION IN THE MARKETS BEFORE MOVING EITHER DIRECTION.
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.
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