Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are slight positive as WHO does not declare the CoronaVirus as global emergency and has kept close watch. The oil prices are at $62/bbl(-0.13%) as 7 cities in China go under lock down putting a fear on further slowdown. USDINR at 71.4(0.01%) though crude price is low but fiscal deficit is worry for debt and currency.
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 :
Infosys Ltd. - SELL - Stop Loss 800 & Target - 762/746
(IMP : Do not trade if opens at Stop loss/Target levels)
SEBI is going for a forensic audit regarding the whistleblower complaint post internal report not showing any concrete finding to the allegations.
We would be negative for intraday trade.