What happened overnight?
DJIA - 1.19% 🔻
NASDAQ - 0.74% 🔻
EUROPEAN MARKET - 🔻
ASIAN MARKET - 🔻
SGX - 0.48% 🔻
CRUDE - 2.91% 🔻
US10Y - 🟢
DXY - 🔻
INDIA VIX - 🔻
Good morning, friends. I hope you're doing well.
Our market on Friday, against all odds & volatility, gave a pretty good Daily & Weekly close. US Market on the other hand closed in declines with weekend news of USB buying CS for more than $2 Billion (not confirmed yet.) Let's see how our market trades today. Needs to protect Friday lows. Flat to minor negative start expected. We are alreay into a pull back which should continue till 17250 levels. Let's see. Here are the levels for today & coming days...👇
Important levels:
S : 17050/16850/16700
R : 17200/17350/17450
S : 39500/39300/39000
R : 39600/39750/40000
Sectors I am interested in for Today:
✓PSE
✓PHARMA
✓DEFENCE
Stocks in watchlist:
IOC
AUROPHARMA
BEL
NOTE: Be stock specific (one with decent volumes & not in range) if you're finding it difficult to trade indices.
Wishing you a profitable day ahead.