Pre-market analysis

1)Nifty closed at 10705.75 down 0.87% and banknifty closed at 22584.65 down 0.19%.

2)Yesterday,Global markets closed positive.

3)Today, US and Europe futures are trading flat to negative and asian markets opened in flat to positive and sgx nifty is trading at 10720.50 up 0.35% at 8.00 am.

4) We may open gap up of around 40-50pts and follow global futures as the day progresses.

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

6)Nifty option pain is at 10700 and banknifty option pain is at 22500.

7)Nifty may trade between 10500 and 11000 and banknifty may trade between 22000 and 23500 for this week.this are very strong support and resistances as per oi chain.

8)Results and important events today.


How indian adr fared on global markets yesterday



9)Stocks in news.

Sector in Focus: 
Realestate : govt approves affordable rental housing scheme for urban migrants / poor 
Godrej prop/ sobha/ Ashiana housing/ arvind smart spaces/ DLF / brigade

Agri infra : Govt approves 1 lakh cr agri infra fund - Mahindra Epc/ shakti pump

 ICICI Bank
Board Approves Raising Of Funds Up To 15,000 Cr 

IT Stocks in focus
Industry consultant ISG says weakness for Q2CY20 but sees sequential recovery in 2H. CY20 should decline 7.5% YoY, 3%QoQ growth in Q3 and high single digit QoQ growth in Q4

Rossari Biotech Sets IPO Price Band at Rs 423-425/Share; offer to open July 13, close July 15

10)F&O BAN
Enters Ban: SAIL
Still in Ban: GLENMARK, IBULHSGFIN, BHEL,EQUITAS

11)Happy Trading

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

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