Pre-market Analysis

1)Nifty closed at 10430.05 up 1.24% and banknifty closed at 21977.60 up 2.34%,Nbfc and banks led the rally.

2)Yesterday, most of global markets ended mixed. Also ,there was news of positive outcome from pfizer n biontech corona vaccine. lets hope for the best and let vaccine come as soon as possible now.

3)Today, US and Europe futures are trading positive and asian markets opened in green and sgx nifty is trading at 10475 up 0.73%

4) We may open gap up of around 70-80 pts and follow global futures as the day progresses,bias will be on positive side till nifty is above 10000.

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


6)Nifty option pain is at 10400 and banknifty option pain is at 21600.

7)Nifty may trade between 10300 and 10500 and banknifty may trade between 21000 and 22500 for this week.this are very strong support and resistances as per oi chain.

8)Results and important events today.


9)Stocks in news.

PFIZER
Pfizer and BioNTech Announce Early Positive Data from an Ongoing Phase 1/2 study of mRNA-based Vaccine Candidate Against SARS-CoV-2

Dixon Technologies
ENTERS NEW LINE OF BUSINESS: “SET TOP BOX MANUFACTURING
Expecting a revenue of Rs. 100-150 crores in the current fiscal year FY20-21 with a decent profitability.

JSW Energy
CARE Ratings Limited (CARE) has revised the outlook to 'Stable' and removed the 'Credit watch with Negative Implication' on the long/short term bank facilities and debt instruments of JSW Energy Limited.

ONGC / GAIL / PETRONET LNG
Government plans to gradually introduce pricing and marketing freedom for natural gas as well as rationalize pipeline tariffs to help push for a greater share of the environment-friendly fuel in the energy basket.

Railway stocks

One more big step towards reform in Railways! 
RailMinIndia invites RFQ for pvt participation for operation of passenger train services over 109 Origin Destination(OD) pairs of routes. 
This is the first initiative of pvt investment for running Passenger Trains 

Usual suspects :
RITES/ RVNL/ IRCON/ Texrail/TITAGARH/IRCTC
BUT FOCUS ON THOSE PVT PLAYERS THAT ALSO HAVE RAILWAY PORTFOLIO
KEC INT/CIMMCO/NELCAST/ BEML/BHEL/KERNEX MICRO/ BEL /ESCORTS

Auto stocks will be in focus.

10)F&O BAN
New stocks in F&O Ban- glenmark
Still in ban -idea vodafone.

11)Happy Trading. 

12)Follow our telegram channel 'Optionstraders' for calls on equity and options.

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