Pre-market analysis
1)Nifty closed at 11102.15 down 0.90% and banknifty closed at 21646.85 down 1.95%. 2)Global markets closed in red yesterday. 3)Today, US and Europe futures are trading positive and asian markets opened mixed and sgx nifty future is trading at 11127.5 up 0.24%. 4) We may open gap up of around 40-50 pts and follow global futures as the day progresses. We are already above 11k mark now. 11k is psychological support for bulls now. Today nifty move will be decided by reliance and also we can expect short covering in banks with sbin result today,big movement is expected in nifty and banknifty either side. 5)Support and resistance for Nifty and Banknifty for intraday. 6)Nifty option pain is at 11100 and banknifty option pain is at 22100. 7)Nifty may trade between 11000 and 11500 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain. 8)Results today...