Today's Market Influencer :
Today Movement - Positive with Volatility Due to Delhi Election
USA and Asia markets including China are positive as liquidity continues to support the financial markets but Coronavirus claims 1000 death but showing some improvement in new cases. The oil prices are at $53.98/bbl(1.05%) as Russia still has not given its approval for extending oil cut. USDINR at 71.29(0.00%) is still stable as crude is at year low.
Important close levels - 11740/12140
Stock of the Day :
ITC Ltd. - BUY- Stop Loss 207 & Target - 215/219
(IMP : Do not trade if opens at Stop loss/Target levels)
As government has hiked excise duty on cigarettes during Budget 2020. Company has hiked prices by 10% -12% to absorb the excise hike.
We would be positive for intraday trade.