Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices negative as algo funds does profit booking. The oil prices are at $68.31/bbl(0.33%) as US & Iraq tension increases and inventories reduce faster than estimated. USDINR at 71.35(0.00%) crude spike has negative impact but FII & RBI buying is holding the currency level.
We expect markets to be Neutral to Negative as there will be some profit booking and crude spike impact.
Important Close Level is 11830/12324
Stock of the Day :
FDC Ltd. - BUY - Stop Loss 206 & Target - 217/225
(IMP : Do not trade if opens at Stop loss/Target levels)
Company got GMP certificate from UK MHRA for 2 facilities in Goa that will help continuity and expansion of business.
We would be positive for intraday trade.
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