Today's Market Influencer :
Today Movement - Neutral to Negative
USA and Asia markets including China are positive as liquidity continues to be pushed but the reported deaths from coronavirus crosses 1,600 and number of cases are now 70,000. The oil prices are at $57.12/bbl(-0.12%) prices are stable as voluntary cuts from Saudi and other OPEC nations might come without deal at OPEC+ level. USDINR at 71.43(-0.14%) as the crude levels recover from low and dollar index is inching up.
Important close levels - 11875/12295
Stock of the Day :
Hero MotoCorp Ltd. - SELL - Stop Loss 2400 & Target - 2300/2275
(IMP : Do not trade if opens at Stop loss/Target levels)
Supreme Court does not give relief to FADA on BSIV registration to stop from April 2020. The company is facing supply issue and would lead to production cut of 15-20% in an environment that is already strained.
We would be negative for intraday trade.