Front-Run

Today's Market Influencer :


Today Movement - Neutral to Positive


US market Future Indices and Asia is positive.The oil prices are at $76.08/bbl(-0.08%) China has shifted some more buying to Libya for crude and USDINR at 69.85 ( 0.11%) is flat opening after intervention on Friday by RBI.


We expect today to be a Neutral to Positive as the NIFTY has made new high but there might be short covering coming for week and slight improvement of USDINR during market hours .


Stock of the Day :


JSW STEEL Ltd. - Down Level 348/340 & New High With 3-5% up


Steel prices have been revised higher than expected with Rs 200/ton on the short and Rs1200/ton on the Long . This would be positive on the steel sector companies with JSW Steel closing above 2min levels.


POSITIONAL NIFTY LEVEL :


NIFTY LEVELS



ALERT : PREVIOUSLY NIFTY CLOSED NEAR 30 MIN & 2MIN SUPPORT AND THESE LEVELS ARE CLOSE TO EACH OTHER THUS DECISIVE MOVEMENT WILL DECIDE NEAR DIRECTION.


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.




Recent Posts

See All

Front-Run

Today's Market Influencer : Today Movement - Neutral to Negative USA markets and China are flat to negative as USA retail sales data is 5 year low and other data is also critically low. The oil prices

Front-Run

Today's Market Influencer : Today Movement - Neutral to Negative (Risk : Stimulus or Reopen announcement) USA markets and China are negative as the total cases continue to spike in USA with increase i

Front-Run

Today's Market Influencer : Today Movement - Neutral to Negative USA markets and China are flat to negative as USA reports second day with nearly 2000 deaths in last 24 hrs but socialist candidate San