Today's Market Influencer :
Today Movement - Neutral to Negative
USA markets is negative & China are positive as CTA program initiates buys in global equity indices and liquidity increases. The oil prices are at $51.91/bbl(0.62%) as Russia disagree with Saudi for 1.2mn b/d cut . USDINR at 73.55(0.01%) FII selling reduces but still has momentum and risk of higher virus cases impact the currency.
Important close levels - 11109/12295
Stock of the Day :
M&M Ltd. - SELL - Stop Loss 482 & Target - 467/454
(IMP : Do not trade if opens at Stop loss/Target levels)
Company has reported that due to coronavirus impact on supply chain and fire in chakkan plant there will be loss of 12000 vehicles in March 2020 and might continue to happened beyond it.
We would be negative for intraday trade.