Pre-market analysis

1)Nifty closed at 10029.10 down 0.32% and banknifty closed at 20390.45 down 2.63%.

2)we opened gap up and were trading at huge gains till 11 am and then shorters had upper hand hand on banknifty and due to this eventeven nifty hadwhad sellingnselling pressure.

3)Today, US and Europe futures are trading higher and asian markets opened in green,Sgx nifty is trading to at 10062.50.

4) We may open gap up of 50-60pts and will once again follow global futures as the day progresses, it is expected that there will profit booking and short covering in  stocks in second half or in morning itself

5)Support and resistance for Nifty and Banknifty  for intraday.
6)Nifty option pain is at 10000 and banknifty option pain is at 20000.

7)Nifty may trade between 9850 and 10250 range and banknifty may trade in 20000 to 21000 range.

8) How indian adr fared on global markets.
9)Results today.
10)Stocks in news.

Selected midcaps with be in focus as there circuiy revision of 5% to 20% -Irctc,jubilant life sciences.

Reliance - MUBADALA the Abu Dhabi-based sovereign investor, invests ₹ 9,093.60 cr in Jio Platforms.
At an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh cr.
Deal for 1.85% equity stake in Jio Platforms.

Lupin: European Commission has granted marketing authorization for Nepexto to Mylan.

UPL: S&P Global Ratings revised its outlook on UPL to negative from stable.

Yesterday result -
11) for more updates and calls on options,please follow our telegram channel -Optionstrader.

12)Happy trading.


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