Pre-market analysis

1)Nifty closed at 10551.70 up 1.17% and banknifty closed at 21953.20 down 0.11%.

2)Yesterday, most of global markets ended positive. 

3)Today, US and Europe futures are trading negtive and asian markets opened in green and sgx nifty is trading at 10587 up 0.37%

4) We may open gap up of around 50-60 pts and follow global futures as the day progresses, today will day for shortcovering and profit booking in some scrips.

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


6)Nifty option pain is at 10500 and banknifty option pain is at 22000.

7)Nifty may trade between 10400 and 11000 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results and important events today.


9)Stocks in news.

VEDANTA / HDFC LIFE
Vedanta To Be Out Of Nifty 50 With Effect From July 31
HDFC Life To Be Included In Nifty 50 With Effect From July 31     

PI Ind
Launched QIP With Floor Price `1,534.24/shr
Meeting on 7th July to decide the issue price

JB Chemicals
KKR has agreed to acquire 41.7 million equity shares of JB Chemicals, representing 54% stake from the promoters of the company @ 745 per share
Post transaction, an open offer will be launched to acquire about 26% stake.
Open offer at 745 per share

Jyothy Labs
The Company has opened a new Dish Wash Manufacturing Unit adjacent to the Company’s existing Plant situated at Pithampur, Dhar District in the State of Madhya Pradesh.

MOTHERSON SUMI
Approves group reorganization plan

HAL/ BDL/ L&T / BHARAT FORGE/ ASTRA MICRO/ BEML/BEL
IN FOCUS : DEFENCE  AS DAC clears proposals worth Rs 39,000cr to boost combat capabilities of the Armed forces.

Reliance Ind 
Announces 12th investment in Jio Platforms in last 11 weeks. Intel to invest Rs 1,894.5 cr for a 0.39% stake 

10)F&O BAN
Enters Ban: SAIL
Still in Ban: GLENMARK, IDEA

11)Happy Trading. 

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

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