Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia are negative and Dow Jones closed with 1.3% rise. The oil prices are at $81.47/bbl(-1.36%) reversal happened because during weekend US has said of strict actions if the missing journalist is not found soon and Saudi has mentioned that it might retaliate by use of economic war which might hurt oil supply . USDINR at 73.68 ( 0.00%) will open flat .
We expect today to be a Neutral Negative day , Rupee open is flat but might see much lower during market as oil will spike on the weekend political tussle. FII continue to sell heavy in the markets.
Important Day Level is 10356/10525.
Stock of the Day :
IndusInd Bank Ltd. - Down Level 1580/New low with 3-5% & 1682/1717
Will be reporting Q2FY19 results today expected around 2-230pm and estimated to show a profit growth of 23% with Net Profit at Rs.1082 Vs Rs.880 cr in Q2 FY18. We expect it to be positive day but might be volatile due to results.
POSITIONAL NIFTY LEVEL :
ALERT : PREVIOUSLY NIFTY CLOSED BELOW 1WEEK ,1DAY AND ABOVE 30 MIN AND 2MIN SUPPORT , WHICH INDICATES A SLIGHT REVERSAL. BUT WE BELIEVE THIS STILL 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.