Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight positive as economic data in Asia shows improvement. The oil prices are at $65.56/bbl(0.72%) as Libya oil output is at risk due to military action taking place at country largest oil field. USDINR at 71.08(0.00%) as crude and dollar index rise.
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 :
HCL Tech Ltd. - BUY - Stop Loss 585 & Target - 615/625
(IMP : Do not trade if opens at Stop loss/Target levels)
Company results have shown a lot of positives and new deals bring it to more sustainable performance with recent acquisition being more positive than anticipated.
We would be positive for intraday trade.