Pre-market analysis

1)Nifty closed at 10091.65 up 2.13% and banknifty closed at 20956.30 up 3.74%.

2)Today, US and Europe futures are trading flat to positive and asian markets opened flat and sgx nifty is trading flat at 10038.5.

4) We may open gap up of around 50-60 pts and follow global futures as the day progresses.

5)Support and resistance for Nifty and Banknifty  for intraday.
7)Nifty option pain is at 9900 and banknifty option is 20500.

8)Nifty may trade between 10500 and 9500 for this expiry and banknifty may trade between 22000 and 20000 for this expiry.

9)Results today.

LIC Housing Finance
Bajaj Electricals
Novartis
Cadila Healthcare
ENIL
Camlin Fine Sciences
Ramco Cements
Oil India
PNB
Dalmia Bharat Sugar.

10)Stocks in news

RIL 
Another investor onboard 
Saudi’s PIF picks 2.32% stake for 11367cr 
RIL’s JIO platform has raised 1.5lakh crore for 24.7% stake 

TIN PLATE / JSW STEEL
India may impose anti-dumping duty on imports of certain steel products from the European Union, Japan, the US and Korea for five years

TATA MOTORS
Moody's Downgrades Tata Motors To B1, Changes Outlook To Negative
Moody's Investors Service Cuts Tata Motors Corporate Rtg To B1 Vs Ba3

IPCA LABS / LAURUS LABS/ CADILA
DGFT removes prohibition on exports of HCQs APIs and Formulations

11)F&O BAN
Enters Ban: BHEL, PNB, SAIL 
Still in Ban: ADANIENT, ESCORTS, IDEA, JINDALSTEL, JUSTDIAL

12)Today being friday will be day for short covering and profit booking for some stocks.Happy trading.

13)For calls on equity and options follow our channel optionstraders.


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