Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia including China are positive as the liquidity and currency control helps sustain the impact of panic due to virus spread. The oil prices are at $54.59/bbl(1.36%) going to below $54/bbl as JTC of OPEC+ was inconclusive and will continue today as well . USDINR at 71.11(0.00%) as crude moves lower and FII become net buyer after large selling in past few days.
Important close levels - 11740/12140
Stock of the Day :
Cadila Healthcare Ltd. - BUY - Stop Loss 261 & Target - 268/274
(IMP : Do not trade if opens at Stop loss/Target levels)
USFDA had inspected the company Ahmedabad plant that is large contributor to exports and it has received zero Form 483 observations.
We would be positive for intraday trade.