Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight negative as USA imposed tariff on China will stay post phase 1. The oil prices are at $64.27/bbl(-0.26%) as Phase 1 deal signing is tomorrow but tariff remains. USDINR at 70.85(0.00%) as crude respite is there and dollar issuance has increased.
We expect markets to be Neutral to Positive as Budget anticipation rally will continue at new high along with new money getting attracted in broader market.
Important Close Level is 11894/12460
Stock of the Day :
Canara Bank Ltd. - SELL - Stop Loss 219 & Target - 208/203
(IMP : Do not trade if opens at Stop loss/Target levels)
Bank has called off stake sale of Can Fin Homes this is second time in two years that the proposal is taken back. This indicates that the bank was not able to get expected value or a lot of interest as only few can fund an acquisition currently.
We would be negative for intraday trade.