📊 3 Things That Will Decide the Market Today
🔴 GIFT NIFTY (Gift City Cues) Gift Nifty up 0.2%. Brent crude at a 1-month high above $93/bbl. Gold at a 1-month high around $4,530/ounce. Maharashtra Government bans sale of loose edible oil. Amagi India block deal of 5% equity at Rs550, a 4.6% discount.
🌍 Macro / Global Cues US markets fell over 1% amid rising oil prices and higher US bond yields, while Asian markets opened mixed. US intensifies economic pressure on Iran and imposes new sanctions against Hezbollah. Brent crude gained 3% above $93/bbl amid concerns over Middle East supply disruptions. Gold remains firm around $4,530/ounce following the US Treasury’s plan to increase long-dated bond buybacks.
📈 Options Data & Key Levels 👉 Nifty 24000 to 24400 zones 👉 Sensex 77000 to 78000 zones 👉 Bank Nifty 57000 to 58000 zones
Motilal Oswal's Daily Fundamental & Technical picks👉
Fundamental Picks (for more than a year) 1.Adani Ports- Target 2130(26%) 2.State Bank of India- Target 1300(24%) 3.Syrma SGS Tech - Target 1770 (23%) 4.Eternal - Target 400 (22%) 5.M&M- Target 4108 (20%)
Technical Pick - ETERNAL BUY Previous Close: 328 Target: 350 Potential upside: ~7%