Today's Market Influencer :
Today Movement - Positive
US market Future Indices and Asia are flat to positive . The oil prices are at $81.69/bbl(0.18%) US President has mentioned again of OPEC to lower oil prices at the UNGA yesterday which dropped from 82.25 high and USDINR at 72.77 ( 0.11%) will open slightly lower and if during might see correction.
We expect today to be a Positive day given flat Oil prices & USDINR remain during the market. PSB meeting review with FinMin might keep indices controlled.
Important Day Level is 11143.
Stock of the Day :
HDFC Bank Ltd. - Down Level 1941/1925 & 1965/1981
This is the one of the only financial which saw shorting prior to the fall and which we believe will have higher covering chances compared to others.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED ABOVE 30 MIN AND BELOW 2MIN SUPPORT WHICH CREATES A NEGATIVE TREND WE BELIEVE IN SHORT TERM THERE IS A DOWNTURN AND CLOSED BELOW 1DAY AS WE HAD RAISE THE CONCERN THE CORRECTION CAME IN WE BELIEVE THIS IS NOT GOING TO SETTEL SOON WHICH WE RECOMMEND TO CREATE CASH AND WAIT TILL REVERSAL SEEN.
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.