Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight positive as there is some factoring of virus spread to other countries. The oil prices are at $64.39/bbl(-0.22%) as USA tells Libya to restart the exports soon. USDINR at 71.18(0.00%) on fear of large fiscal slippage along with bonds yields also increasing.
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 :
ZEE Ltd. - SELL - Stop Loss 295 & Target - 270/259
(IMP : Do not trade if opens at Stop loss/Target levels)
Results reported were below estimates on all parameters. Ad revenue was flat QoQ despite being a festival season. There is large block of trade receivable from Dish TV & Siti Cable that have been given extension of 12 months to be paid.
We would be negative for intraday trade.