Front-Run

NIFTY LEVELS


NIFTY ( 1 Day Level )


ALERT : ABOVE 1DAY LEVEL - NIFTY HAS MAINTAINED ABOVE THE 1 DAY LEVEL OF 10699 ON THE CLOSE COMFORTABLY THIS GIVES AN OPPORTUNITY TO ADD WEIGHT TO THE PORTFOLIO.


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.


Today's Market Influencer :


Today Movement - Positive


Asia markets and US market Future Indices are positive. The oil prices are at $77.42/bbl (0.4%) it is above from lowest level of last week due to WSJ reporting that Aramco IPO is in doubt of not happening at all and USDINR at 68.56 (-0.29%).


We expect today to be a Neutral to Positive day given the tariffs are in place for US China EXIMs . We also see a flat day for crude and USDINR which would help us avoiding the negative in the market.


Stock of the Day :


Glenmark Pharmaceuticals Ltd. - Down Level 575/554 & Up Level 583/589


The company is planning to reduce the debt by selling its API Business which has about Rs.878 cr Revenues in FY18 valued approximately at Rs. 1,500 cr. There are 3 PE who have shown interest in the same.


Detailed news of the prospective deal.

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