Today's Market Influencer :
Today Movement - Positive with Some Profit Booking
USA and Asia markets including China are negative as there is acceleration in coronavirus cases and deaths reported with some profit booking . The oil prices are at $55.29/bbl(0.67%) proposal of 600k b/d cut did not get nod from Russia that is why the proposal did not get approved in this meeting . USDINR at 71.28(0.00%) crude remains stable in lower range and there is some impact of RBI policy on currency but bond market was positive due to technical positives.
Important close levels - 11740/12140
Stock of the Day :
Wipro Ltd. - BUY - Stop Loss 238 & Target - 247/252
(IMP : Do not trade if opens at Stop loss/Target levels)
Company has won multi-year IT deal from Marelli . It is one of top Tier-1 automotive technology supplier and contract is relating to automation.
We would be positive for intraday trade.