Today's Market Influencer :
Today Movement - Positive with Volatility Due to Delhi Election
USA and Asia markets including China are slightly negative as new virus cases spike along with deaths reported. The oil prices are at $55.95/bbl(0.30%) as Russia is still deciding on the OPEC+ cuts but Foxconn has restarted one plant operation. USDINR at 71.31(0.00%) is still on crude levels and dollar index levels.
Important close levels - 11875/12295
Stock of the Day :
JSPL Ltd. - SELL - Stop Loss 202 & Target - 193/189
(IMP : Do not trade if opens at Stop loss/Target levels)
Steel Inventory in China and global level is increasing as deliveries have reduced to historic lows and shipments have stopped. This will impact prices in short to medium term and impact already stressed balance sheets.
We would be negative for intraday trade.