Today's Market Influencer :
Today Movement - Neutral to Positive
USA and Asia markets including China are positive as the new cases drop but situation is still severe . The oil prices are at $59.27/bbl(0.27%) as OPEC send official invites for March 5-6 th meeting. USDINR at 71.75(0.14%) as crude and dollar index rises.
Important close levels - 11875/12295
Stock of the Day :
Federal Bank Ltd. - BUY - Stop Loss 81 & Target - 86/88/89
(IMP : Do not trade if opens at Stop loss/Target levels)
As Q3FY20 results were better and indicated reduction in asset quality issue. The credit and deposit growth also picked up. Morgan Stanley has also upgraded the bank and there might be fund raising soon by bank.
We would be positive for intraday trade.