Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia are positive and Saudi expected to announce that the journalist died due to mistake in investigation. The oil prices are at $81.13/bbl(0.43%) 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 73.73 ( 0.00%) will open flat .
We expect today to be a Neutral to Positive day , Rupee open is flat but might see much lower during market as oil will spike on the weekend political tussle. FII continue have become slight positive flow.
Important Day Level is 10355/10552.
Stock of the Day :
Reliance Industries Ltd. - Down Level 1111/1106 & 1158/1185
Might acquire controlling stakes in DEN & Hathway Cable operators to speed up home internet roll out meaning the pre booking is higher than anticipated and will help valuations and give positive day today.
POSITIONAL NIFTY LEVEL :
NIFTY LEVELS
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.
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