Pre-market analysis

1)Nifty closed at 11131.85 down 0.20% and banknifty closed at 21178.50 up 0.19%.

2)Global markets closed negative yesterday.

3)Today, US and Europe futures are trading mixed and asian markets are trading mixed and sgx nifty future is trading at 11005 down 1.16%.

4) We may open gap down of around 70-90 pts and follow global futures as the day progresses.11k wl be good support for nifty. Hopes for bulls till support is not broken,if dow futures slides more today then 10800 will be next support and this should not broken.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 11200 and banknifty option pain is at 21400.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 21000 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
 
Good Bye September 

NIFTY 50
LAST DAY of ZEE AND Bharti INFRATEL in Index 
Expected outflow 
Zee 350 cr 
Bharti Infratel 300 cr

NIFTY 50 
Addition : SBI LIFE & Divis Lab 
Inflow SBI Life 600 cr + 
Inflow Divis 750 cr +
(Expected) 

L&T/IRCOM/JMC proj/NCC/JKUMAR INFRA/TATA POWER :
NHSRCL Opens Technical Bids For Design, Construction Of 237 km Length Of Mumbai- Ahmedabad Bullet Train Corridor
Consortium of Afcons Infra, IRCON International, JMC Projects India Among Bidders

Ircon International: 
Company secures works of a total of 9 road overbridges (ROBs) valuing more than Rs 400  crore from the Ministry of Railways.

IGL, MGL ,Guj Gas:

PNGRB releases draft regulations for determine tariff for third parties
Regulations largely in line with some positive for IGL, MGL and Guj Gas
Allows CGD cos to themselves to decide open access by themselves based on cost tariff method

ZYDUS WELLNESS
launches QIP offer floor  price 1775.85/sh at premium of 3.3%

10)Results
No results update

11)Happy Trading

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

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