Front-Run


Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia are positive as China delegation and USA President indicate closer to a trade deal . The oil prices are at $60.91/bbl(-0.36%) sanctions on Venezuela will further tighten the Oil market and USDINR at 71.06(0.14%) as dollar index is up since trade talks have been progressing.


We expect markets to be Neutral to Positive as GDP number were revised , GST collection is above Rs. 1 lakhcr and three PSU Banks are out of PCA. Today will be volatile as budget is there.


Important Day Close Level is 10651/10963


Stock of the Day :


Reliance Industries Ltd. - Stop Loss 1195/1180 & Target - 1247/1270


Government has not extended deadline for FDI rules to be applied in E-Commerce which would restrict companies to sell discounted products by there owned companies. This would push forward Reliance Industries E-Commerce plan and make it profitable since start as the back end of the venture is strong.


We would be positive for intraday trade.


POSITIONAL NIFTY LEVEL :


NIFTY LEVELS




ALERT : PREVIOUSLY NIFTY CLOSED NEAR ALL IMPORTANT LEVELS INDICATING THERE WAS NO CLEAR SIGN OR BREAKING THE RANGE . WE SEE SOME UPSIDE WITH GLOBAL MARKETS AND WE HAVE STARTED INVESTED SOME CASH WHICH IS AT 30% LEVEL AS OF NOW.


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.