Front-Run


Today's Market Influencer :


Today Movement - Neutral to Negative


US market Future Indices and Asia Indices are positive as trade talk optimism returns. The oil prices are at $63.2/bbl(-0.14%) as JMMC has recommended 500k b/d further cut that would mean 1.7 mn b/d that is already taking place on ground as compliance is 140%. USDINR at 71.24(0.02%) as FII selling pause along with RBI holding rate cuts.


We expect markets to be Neutral to Negative.

Important Close Level is 11950/12240


Stock of the Day :


MindTree Ltd. - BUY - Stop Loss - 358 & Target - 381/390

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


QIP was fully subscribed total amount of Rs. 2027cr by placing 4 cr to various financial institutions at price of Rs. 351.


We would be positive for intraday trade.



POSITIONAL NIFTY LEVEL :


NIFTY LEVELS -




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.