Pre-market analysis

1)Nifty closed at 11604.55 up 0.72% and banknifty closed at 22573.55 up 0.48%.

2)Global markets closed mixed yesterday.

3)Today, US and Europe futures are trading negative and asian markets opened negative and sgx nifty future is trading at 11494.50 down 0.94%.

4) We may open gap down of around 100-130 pts and follow global futures as the day progresses. Today being expiry market will be very volatile.

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

6)Nifty option pain is at 11,550 and banknifty option pain is at 22500.

7)Nifty may trade between 11200 and 11700 and banknifty may trade between 22000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today
No result announcement of any important company.

9)Stocks in news

Happiest Minds to list Today issue price 166/sh 
Issue was subscribed 151x
Chatter on the street listing could be at a premium of 84%

TATA POWER
Tata Projects wins contract to build new parliament building for 861.9 cr
Tata Power owns 48% in Tata Projects

Marico 
Co  Forays Into Ayurveda Space Through Popular Brand Saffola
Saffola ImmuniVeda range in the healthy foods and immunity-boosting space
Launches Saffola Kadha Mix and Saffola Golden Turmeric Milk Mix

Indian Energy Exchange

Dalmia Cement (Bharat) bought 70 lakh shares in the company at Rs 206.20 per share on the BSE. However, DPVL Ventures LLP was the seller for the same shares at the same price.

DHANUKA AGRITECH 
Board Approves buyback of 10 lk shares at `1,000/sh
Total buyback value at 100 cr
Record date for buyback on Sep 28

10)Results
No results update

11)Happy Trading

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

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