Today's Market Influencer :
Today Movement - Neutral to Negative
USA and Asia markets including China are negative as South Korea virus cases crosses 1000 and CTA(algorithm funds) join the selling pushing the S&P500 to 3128 ,closing below it might lead to another round of global equity selling . The oil prices are at $54.7/bbl(0.64%) as spread of virus to other countries have resulted in shut down of another set of flights and lower industrial activity though certain SMEs in China have restarted production. USDINR at 71.87(0.02%) though crude drops but risk off trade favours dollar index and FII selling.
Important close levels - 11659/12295
Stock of the Day :
Adani Enterprise Ltd. - SELL - Stop Loss 252 & Target - 240/235/229
(IMP : Do not trade if opens at Stop loss/Target levels)
GoI has taken back second phase of airport privatisation as it discusses restricting the number of bids a single operator can win. And interest in bidding for Air India might be short and medium term negative for the group.
We would be negative for intraday trade.