Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are negative as virus spread to other countries and the China city where 470 cases are reported is cut from transportation. The oil prices are at $62.49/bbl(-0.27%) this is given global growth cut from IMF and virus discovered may be SARS like that created growth worry. USDINR at 71.08(0.00%) on crude softening and low FII selling.
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 :
Shriram Transport Finance Ltd. - SELL - Stop Loss 1110 & Target - 1050/1039
(IMP : Do not trade if opens at Stop loss/Target levels)
The holding company Shriram Capital has held back the proposal of merger the three group companies on concern shown by RBI. This will make fund raising difficult as the CV cycle is showing no recovery signs.
We would be negative for intraday trade.
NIFTY : MAY FILL THE GAP 12040-20 & COULD SHOW REVERSAL TODAY OR TOMORROW