Pre-market analysis

1)Nifty closed at 11914.20 up 0.67% and banknifty closed at 23846.80 up 2.83%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading flat and asian markets are trading mixed and sgx nifty future is trading at 11992.50 up 0.26.

4) We may open gap up of around 40-60 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty




6)Nifty option pain is at 11850 and banknifty option pain is at 23500.

7)Nifty may trade between 11700 and 12200 and banknifty may trade between 23500 and 24500 for this week.this are very strong support and resistances as per oi chain.

8)Results today
No major results today

9)Stocks in news

Shilpa Medicare Gets A Warning Letter From US FDA For Its Jadcherla Facility In Telangana on 9th Oct . Jadcherla is a formulations unit produces oncology related products.  

Indiabulls Housing 
Co sells another  portion of its stake in OakNorth Holding Ltd for 441 cr  to Riva Capital Partners V, L.P., USA. With sale Company has raised a total of ₹ 2,273 crores as fresh equity in Sep –oct2020

MAZAGON DOCK 
Expected Listing premium 79%
Issue price 145
Issue size Rs 444 crore subscribed 157.41x
Govt offered 15.17% equity for sale (OFS) through IPO

UTI AMC 
Issue price 554 listing expected at discount of 15-30 rs
issue size 2160cr subscribed 2.31x ( lowest amongst IPO’s launched this year)


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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