Pre-market analysis
1)Nifty closed at 11387.50 down 2.23% and banknifty closed at 23754.35 down 3.14%. 2)Global markets closed negative yesterday. 3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11441.50 up 0.67%. 4) We may open gap up of around 70-100 pts and follow global futures as the day progresses. Yesterday we saw panic selling which lead nifty to dip below 11500. So now 11000 and 11500 will be the range for september once 11500 is breached,we can see 11800 on support side 11300 must hold and 11000 will be very good support. 5)Support and resistance for Nifty and Banknifty for intraday. 6)Nifty option pain is at 11500 and banknifty option pain is at 24000. 7)Nifty may trade between 11000 and 12000 and banknifty may trade between 23000 and 25000 for this week.this are very strong support and resistances as per oi chain. 8)Results today KCL KEL...