Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are positive as USA president hold off further escalation as he mentions Iran has backed down and is willing to talk. The oil prices are at $65.95/bbl(0.94%) as de-escalation occurred the rally of $5-6/bbl was erased in 24 hrs . USDINR at 71.52(0.03%) as crude falls and de-escalation happens.
We expect markets to be Neutral to Positive as with gap up would be bought in and the de-escalation might bring Nifty to high levels.
Important Close Level is 11830/12324
Stock of the Day :
SBI Ltd. - Buy - Stop Loss 307 & Target - 329/339
(IMP : Do not trade if opens at Stop loss/Target levels)
Banks has launched a new home loan where it guarantees completion of the house. It has signed MoU with three developers.
We would be positive for intraday trade.