Pre-market analysis

1)Nifty closed at 11504.95 down 0.10% and banknifty closed at 22031.05 down 1.30%.

2)Global markets closed negative on friday.

3)Today, US and Europe futures are trading flat to positive and asian markets are trading mixed and sgx nifty future is trading at 11476 down 0.37%.

4) We may open flat or gap up of around 20-30 pts and follow global futures as the day progresses. Today will be very volatile day,wild swings were seen on friday last hour in our markets.expecting shortcovering rally in nifty bank this week.

5)Support and resistance for nifty and banknifty


6)Nifty option pain is at11,500 and banknifty option pain is at 22400.

7)Nifty may trade between 11200 and 11700 and banknifty may trade between 21500 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

ROUTE MOBILE
Issue Price : Rs 350 per share.
Grey market premium suggests a 89% listing pop
Co raised Rs 600 cr
Issue was Subscribed 73.3 times

DIXON /MIRC ELEC  
5% import duty on open cell used in TV manufacturing from October 1 2020.

RITES
Co to Buy Back Up To 97 Lk Shares At 265/Sh
Board Approves Share Buyback Via Tender Offer
To Spend Up To 260 Cr On Share Buyback
Record date for buyback on Sep 30

HSIL
Board Meet Today
To Consider Buy-Back Proposal

SHILPA MEDICARE
To Establish Wholly Owned Subsidiary In Malaysia For The Business Operations Of The Company

10)Results
No results update

11)Happy Trading

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

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