Today's Market Influencer :
Today Movement -
US market Future Indices and Asia including China are positive after infusion of high liquidity and stronger Yuan. The oil prices are at $54.7/bbl(0.48%) as OPEC+ hunt for a deeper production cut but some countries are reluctant . USDINR at 71.24(-0.09%) as crude moves lower there is positive impact that is negating the selling of FII.
Important close levels - 11564/11840
Stock of the Day :
Lupin Ltd. - BUY - Stop Loss 702 & Target - 726/745
(IMP : Do not trade if opens at Stop loss/Target levels)
One drug that is main for the company and is 9% of FY21 EPS has been tested by USFDA and found no issues with it. This is very positive for the company.
We would be positive for intraday trade.