Today's Market Influencer :
Today Movement -
US market Future Indices along with HangSeng is positive as all the negatives of virus are some way factored in but China is down 7.7% as it has reopened after holidays. The oil prices are at $56/bbl(-0.91%) as OPEC+ plans to advance the meeting to early Feb and China demand is down 20% . USDINR at 71.52(0.00%) as crude is down but markets are due to take impact of budget and fiscal slippage.
Important close levels - 11564/11840
Stock of the Day :
JSPL Ltd. - SELL - Stop Loss 170 & Target - 161/155
(IMP : Do not trade if opens at Stop loss/Target levels)
Metal stocks had rallied on hope that US-China trade deal will improve global growth but the spread of virus has resulted in large closures of China private sector and movement of global charter. This will result in big impact on metal stocks.
We would be negative for intraday trade.