Front-Run


Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia Indices are negative as USA House pass bill on Hong Kong that might impact trade talks. The oil prices are at $60.92/bbl(0.36%) as Russia is unlikely to support any deeper cuts with OPEC+. USDINR at 71.83(0.01%) as crude softens and Fiscal deficit number of 3.3% will be managed.


We expect markets to be Neutral to Positive as more government initiatives and Winter session of parliament starts.

Important Close Level is 11580/12120


Stock of the Day :


Siemens Ltd. - BUY - Stop Loss - 1550 & Target - 1612/1635

(IMP : Do not trade if opens at Stop loss/Target levels)


Though Results were below estimate. But there was YoY & QoQ improvement in execution. Margins were impacted by one time cost of RM increase and revenue mix.


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 UNTIL NEW SET OF REFORMS ARE ANNOUNCED BY GOVERNMENT . THE DATA IS STILL WEAK THOUGH THERE WAS UPTICK IN OCTOBER BY REFORM DEPENDENT MOVE IN NOVEMBER.


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.