Pre-market analysis

1)Nifty closed at 11250.55 down 2.21% and banknifty closed at 21366.80 down 3.02%.

2)Global markets closed negative yesterday.Nasdaq almost recovered. Our fall was due to global market.

3)Today, US and Europe futures are trading flat to negative and asian markets are trading mixed and sgx nifty future is trading at 11278.50 up 0.31%.
Nifty and banknifty are in crucial levels now,we have bounced from this levels(50 sma) previously,next support would be 11k mark.

4) We may open flat or gap up of around 50-70 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 at11,400 and banknifty option pain is at 22000.

7)Nifty may trade between 11200 and 11500 and banknifty may trade between 21000 and 22500 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

GMM Pfaudler 
Promoters ie Pfaudler Inc, Millars Machinery & Urmi Patel To Sell 25.71 Lakh  Shares Via OFS
OFS Floor Price Set At 3,500/Sh ie 13% discount to ydays close.
 Represents 17.6% of total issue & paid up capital. 
OFS on 22-23rd Sept

Angel Broking IPO opens TODAY
Raised 180 cr via 26 Anchor investors at 306/sh
ANCHOR INVESTORS : icici pru midcap fund 12.79%
HDFC small cap Fund 11% , GOLdman Sachs india ltd 11% , AB sunlife 11%, Macquarie, invesco, rel cap etc

SBI
Capital raising committee approved allotment of NCDs worth Rs 7000 cr to bond subscribers.

Canara Bank
Board Meet on 25th Sept to consider raising capital through QIP
 
HSIL
Board approves Buy back of  Rs 70cr worth equity shares at max price of 105/sh 

Aarti Drugs
board fixes Oct 1, 2020 as record date for bonus issue. Co is giving 3:1 bonus. 

Ramco Cements: 
ICRA reaffirmed rating on various long & short term facilities worth Rs 4870 cr

Phillips Carbon Black:
 CARE Ratings reaffirmed rating on facilities worth Rs 2400 cr

IDBI Bank to raise Rs 11,000cr through QIP
Six merchant bankers appointed

10)Results
No results update

11)Happy Trading

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

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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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