Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices negative as US-Iran escalate further. The oil prices are at $70.42/bbl(2.65%) as US & Iran tension increases and inventories reduce faster than estimated. USDINR at 71.78(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 :
TCS Ltd. - BUY - Stop Loss 2180 & Target - 2240/2256
(IMP : Do not trade if opens at Stop loss/Target levels)
As Cyrus Mistry clears in the statement that he does not intend to pursue executive positions at Tata Sons , TCS or any other firm.
We would be positive for intraday trade.