Pre-market analysis

1)Nifty closed at 11416.95 up 1.95% and banknifty closed at 22246.00 up 3.70%.

2)Global markets closed negative on friday on news of trump covid19 positive.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11436.50 up 0.94%.

4) We may open gap up of around 120-140 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty




6)Nifty option pain is at 11400 and banknifty option pain is at 22000.

7)Nifty may trade between 11200 and 11600 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

RIL : OVER THE WEEKEND REL RETAIL GARNERS 13,597.5 cr
TPG To Invest 1,837.5 Cr In Reliance Retail For 0.41% Stake
GIC To Invest 5,512.5 Cr For 1.22% Stake In Reliance RetaiMubadala  to invest ₹6,247.5 cr for 1.4% stake in Reliance Retail 

GODREJ PROP/OBEROI/SUNTECK/DLF/INDIA BULLS REAL  : 
Property sale registrations in Greater Mumbai more than double in Sept up 112%. 
Fuelled by 3% cut in stamp duty charge
Almost back to pre covid levels.

TATA STEEL
sky news UK reports that Chinese co JINGYE shows interest in Tata Steel UK, the owner of the vast Port Talbot plant in South Wales. 
JINGEYE earlier this year took control of British Steel.

TCS
consider BUYBACK along with results on 7th OCT.
This will be the 3rd  BUY Back by the company. Size of last buy back in Sept 2018 was 16000cr
Priced at 2100/sh this was at a 14% premium to CMP. 
Current CMP is 2522/sh .

IGL: 
Co cuts CNG and PNG prices. CNG in Delhi by Rs 1.53 per kg to Rs 42.70 per kg and for Noida, Greater Noida and Ghaziabad by Rs 1.70 per kg to Rs 48.38 per kg.

WESTLIFE/JUBILANT/SPECIALITY –INDIAN HOTEL /KAMAT HOTEL :
Maharashtra Govt says Hotels, food courts and restaurants can operate from 5th Oct at 50% of their seating capacity

LISTING : #IPOListing 
Angel Broking to list today 
Issue Price 306/sh ( fear is listing could be at 6-7% discount)
Issue size Rs 600 Subscribed 3.94x

CESC: Board To Consider Raising Up To 250 Cr Via NCDs On Oct 7

Marksans Pharma: voluntarily expanding its earlier initiated recall on June 05'20 to include an additional 76 unexpired lots of Metformin Hydrochloride Extended Release Tablets,due to NDMA (carcinogenic)

10)Results
No results update

11)Happy Trading

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

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