Pre-market analysis

1)Nifty closed at 10813.45 up 1.01% and banknifty closed at 22907.20 up 1.43%.

2)Yesterday,Global markets closed mixed. Nasdaq closed at an all-time high.But the rest of the market struggled,closing in deep red.

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 10795 down 0.37%.

4) We may open gap down 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 10800 and banknifty option pain is at 22800.

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 today.

Earnings Today: 
IRCTC Q4,
SAIL Q4,
Karnataka Bank Q1, 
GNFC Q4, 
Future Consumer Q4

How indian adr fared on global markets yesterday



9)Stocks in news.

TCS Earnings
Weak earnings. Management believe things bottomed out

RIL
Gets $1bn from BP for new Indian fuels and mobility joint venture

PNB
Reports $492 mn fraud

Tata Motors
Weak retail sales for June but encouraging comments on China and NA

Seamec
Vessel extension with Clipper Bulk Shipping for 1 year

ICICI Pru Life
Weakest performance among peers in June

Tata power/  Adani Power 
Guj Govt cancels it’s earlier order allowing higher tariff to power cos 

AGM: Ambuja Cement at 10.30


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

11)Happy Trading

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

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