Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative as China virus is declared contagious and needs to be closely monitored along with some risk off trade taking place. The oil prices are at $64.9/bbl(-0.38%) as IMF cuts the global growth for the sixth time. USDINR at 71.04(0.00%) as crude and dollar index soften a bit.
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 :
CanFin Homes Ltd. - BUY - Stop Loss 386 & Target - 406/416
(IMP : Do not trade if opens at Stop loss/Target levels)
Company has posted strong results with ample liquidity available to it. It has been gaining market share since NBFC crisis occurred. NIMs were 3.42% that is 7 quarter high.
We would be positive for intraday trade.