Our Recent Posts

Tags

Front-Run


Today's Market Influencer :


Today Movement - Neutral to Negative


US market Future Indices and Asia Indices are flat to positive after peaceful protest in Hong Kong.The oil prices are at $59.32/bbl(0.92%) as trade war de-escalation is there over weekend . USDINR at 71.15(0.00%) as crude price softens and RBI reserves reach record level of $430.6 Bn.


We expect markets to be Neutral to Negative as FII selling returns and any stimulus announcement will be in right time as communicated by FM.

Important Close Level is 10677/11257


Stock of the Day :


Mahangar Gas Ltd. - SELL - Stop Loss 827 & Target 786/776

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


Mumbai where CNG & PNG is supplied by the company is facing shortage due to technical issue from ONGC gas supply to its Wadala CNG station . This has led to low to o gas available at few pump stations and it is unknown when the issue will be resolved.


We would be negative 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 UPSIDE WITH FIIs BUYING AROUND 55,000-60,000cr DURING SIX MONTHS POST ELECTION WHICH WOULD BRING BIG UPSIDE IN MIDCAPS TOO. INCREASE CASH ALLOCATION TO 50%.


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.