Pre-market analysis

1)Nifty once again closed  higher at 9979.10 up 1.56% and banknifty closed higher at 20530.20 up 2.86%.

2)we opened with small gain but as global futures recovered, we followed them and ended up in huge gain.

3)Today, US and Europe futures are trading higher and asian markets opened with gain. Sgx nifty is trading above 10000 at 10082 up 1.04%.

4) We may open with gap up of 100-120 pts and will once again follow global futures as the day progresses.

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



6)Option pain for nifty is shifted to 9800 and option pain for banknifty is shifted to 20000.

7)Nifty may expire between 9800 and 10200 levels.both these levels will act as support and resistance as per option chain.

8)How indian adr fared on global markets yesterday.
9) Result today.

10) Stocks to watch out.
Indigo - Reported quartely result after market hours.
Granules india - Reported quartely result after market hours.
Coromandel - Eid parry sold stake.
Reliance - once again abu dhabi's mubadala investment in jio.
Britannia - Reported quartely result after market hours.
Lupin: Gets U.S. FDA approval for its Meloxicam capsules. The company will market the generic equivalent of Vivlodex capsules of U.S. based Zyla Life Sciences, which are used for treatment of osteoarthritis pain. 
Jubilant Lifesciences: Allotted NCDs worth Rs 100 crore.
 Pharma Stocks: The Government has approved emergency use of Remdesivir, according to the Press Information Bureau.

Companies That Resumed Operations: Minda Corp, Himadri Speciality Chemicals.

11) Follow the trend dont go against it.Happy trading.

12) For more updates and options calls follow oir telegram group - Optionstraders.




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