Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia is slight positive with US & Mexico reaching a deal.The oil prices are at $76.52/bbl(0.08%) remaining flat for the past day and USDINR at 70.05 ( 0.13%) is flat opening after intervention on Friday by RBI.
We expect today to be a Neutral to Negative as yesterday Allahabad High court did not extend the Feb 12 circular deadline which was been expect by the market we might see PSU banks taking hit today for the same.
Stock of the Day :
Jet Airways Ltd. - Down Level 276/New Low & 290/301
Company reported a second quarter loss with accelerated pace the going concern will be issue if the results are same in the future there might be shorting opportunity at open.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED ABOVE 30 MIN & 2MIN SUPPORT AND THESE LEVELS ARE CLOSE TO EACH OTHER THUS DECISIVE MOVEMENT WILL DECIDE NEAR 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.