Morning Market Intraday Trends and Tips

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Market Outlook:-

Indian shares are expected to start marginally higher, as a strong US jobs data on Friday lifted Asian equities today, offsetting weakness in oil prices.
         At the time of writing, the SGX Nifty was trading 0.24 percent, or 19 points, higher to 7,764.
          Global cues are expected to remain firm after data showed the US added 2.15 lakh jobs, against an expected 2.05 lakh in March. Gold fell following the data release, amid expectations it could advance a Federal Reserve rate hike.
       Locally, many traders may stay on sidelines ahead of tomorrow's monetary policy meeting where the Reserve Bank is widely expected to cut interest rates by 25 basis points.
          In stocks in news, HCL may witness action after it said it would acquire smaller peer Geometric in an all-stock deal.
          Auto companies may also be in focus after they declared their monthly auto sales numbers while tobacco shares may be in focus after cigarette makers shut down factories to protest against warning rules.