Today's Market Influencer :
Today Movement - Neutral to Negative
USA and Asia markets including China are slightly positive as the liquidity injection by PBOC is helping thee system but the coronavirus death rate and new cases have spike for second day straight. The oil prices are at $56.31/bbl(0.30%) as EIA cuts oil demand by 200,000 b/d and growth rate are in question. USDINR at 71.32(-0.01%) as the crude levels recover from low and dollar index is inching up.
Important close levels - 11875/12295
Stock of the Day :
Bharti Airtel Ltd. - BUY - Stop Loss 532 & Target - 550/559
(IMP : Do not trade if opens at Stop loss/Target levels)
Supreme Court is due to hear the plea filed by telecom to provide some negotiating space with government in respect of payment of dues relating to AGR verdict.
We would be positive for intraday trade.