Today's Market Influencer :
Today Movement - Neutral to Negative
US market Future Indices and Asia Indices are negative as Iran attack two US bases in Iraq but also defines that if no retaliation then it will stop. The oil prices are at $70.33/bbl(2.94%) as risk premium increases on a two day spike. USDINR at 71.85(0.00%) as crude spike further put pressure along with FII selling.
We expect markets to be Neutral to Negative as with gap down but should recover during day if no further escalation.
Important Close Level is 11830/12324
Stock of the Day :
Titan Ltd. - SELL - Stop Loss 1175 & Target - 1139/1123
(IMP : Do not trade if opens at Stop loss/Target levels)
Due to geopolitical issues Gold prices are at $1600 / oz that highest since 2013 and we believe this will impact Indian demand .
We would be negative for intraday trade.