Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia are flat to positive . The oil prices are at $84.88bbl(-0.14%) reversal happened after Iran told that Saudi was only satisfying USA by saying that market has replaced its supply and USDINR at 74.12 ( 0.13%) will open flat and might see lower levels during the markets overnight low was of 74.56 .
We expect today to be a Negative day Oil has reverse and Rupee open is flat but might see lower. FII continue to sell heavy in the markets and Liquid Funds have seen big outflow which might squeeze CP markets and risk yields higher.
Important Day Level is 10200/10423.
Stock of the Day :
State Bank of India - Down Level 256/251 & 266/272
State Bank of India has announced to triple its NBFC asset purchase from Rs.15,000cr to Rs.45,000cr which would positive for the stock today.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED BELOW 1WEEK ,1DAY , 30 MIN AND 2MIN SUPPORT , WE BELIEVE THIS A VERY NEGATIVE INDICATION THERE MIGHT BE BOUNCES BUT WE ESTIMATE THIS IS NOT GOING TO SETTEL SOON WHICH IS WHY WE RECOMMEND TO CREATE CASH FURTHER TAKING A BIT LOSS 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.