Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight positive as Phase 1 US China deal gets signed and now its implementation will be tracked. The oil prices are at $64.45/bbl(0.70%) as US-China deal gets done and USA inventories show a bigger draw than estimated. USDINR at 70.78(0.00%) as crude is still at lower range and there is $ inflow through debt and placement flows.
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 :
Bharti Airtel Ltd. - BUY - Stop Loss 455 & Target - 479/487
(IMP : Do not trade if opens at Stop loss/Target levels)
Supreme Court to hear industry appeal relating to AGR dues. The company has raised sufficient amount through QIP but still debt would if all payment is done upfront. There can be anticipation rally as SC will hear the case at 1:50pm.
We would be positive for intraday trade.
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