Today's Market Influencer :
Today Movement - Neutral to Negative
USA and Asia markets including China are negative as some countries stop accepting shipments of metal and other products from China. The oil prices are at $57.03/bbl(-1.12%) prices as Libya output is below 200k b/d. USDINR at 71.42(0.14%) as the crude levels recover from low and dollar index is inching up.
Important close levels - 11875/12295
Stock of the Day :
State Bank of India Ltd. - BUY - Stop Loss 310 & Target - 320/327
(IMP : Do not trade if opens at Stop loss/Target levels)
SBI Cards IPO gets approval from SEBI and is expected to come in March according to media. DHFL has received 24 EoI as the deadline was midnight this will be benefit the bank in higher possibility of maximum recovery of Rs.10,000 cr loan.
We would be positive for intraday trade.