Pre-market analysis

1)Nifty closed at 9813.70 down 1.60% and banknifty closed at 19912.90 down 3.59%.

2)we fell yesterday due to global markets.

3)Today, US and Europe futures are trading higher and asian markets opened in deep green and sgx nifty is trading at 9989.50 up 1.97%.

4) We may open gap up of around 230-250 pts  and will once again follow global futures as the day progresses,day belongs to bulls till now.

5)Support and resistance for Nifty and Banknifty  for intraday.

6)Nifty option pain is at 9800 and banknifty option pain is at 20000.

7)Nifty may trade between 10000 and 9500 and banknifty may trade between 21000 and 19000 for this week.

8)Results Today
HPCL
IPCA Laboratories
NMDC
Navin Fluorine International 
Bank of Maharashtra 
Schneider Electric Infrastructure

9)Stocks in news
Midcap pharma betting on HCQ could witness profit booking as USFDA withdraws emergency use status of CQ and HCQS in COVID 19 patients

Cadilla health / Ipca ( results today) /Lupin

Tatamotors - weak results (below expectation)

10) Happy trading.

11)Follow our telegram channel optionstraders for equity and options calls.






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