Front-Run

Today's Market Influencer :

Today Movement - Neutral to Negative

US market Future Indices and Asia Indices are negative as China - US deal updates are missing and markets are near all time high.The oil prices are at $74.44/bbl(-0.17%) as USA is trying to calm the market nerves and Inventories came at 5.47mn bbl vs estimate of 1.44mn bbl and USDINR at 70.02(-0.10%) as Dollar swap closed and oil started to weigh on currency with spike in dollar index.

We expect markets to be Neutral to Negative as we expect volatile markets and crude prices are stable with high end.

Important Day Close Level is 11470/11770

Stock of the Day :

Bharti Infratel Ltd. - Stop Loss 307/313 & Target 293/289

Q4FY19 results showed impact of exit by Vodafone & Idea post merger. Revenues dropped YoY & QoQ and expenses remained stable. PAT came at flat YoY and decreased from Rs.648cr to Rs.608cr.

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 SOME UPSIDE WITH GLOBAL MARKETS AND WE HAVE BOOKED SOME PROFITS AND INCREASED CASH POSITION TO 30%.

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.