Pre-market analysis

1)Nifty closed at 11930.95 up 0.14% and banknifty closed at 23712.80 down 0.56%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading negative and asian markets are trading mixed and sgx nifty future is trading at 11942.50 down 0.21.

4) We may open flat or  gap down 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 11900 and banknifty option pain is at 23700.

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

Wipro
Karnataka Bank
Tata Steel Long

9)Stocks in news

Telecom stock 
July Telecom Data
Rel Jio Adds 35.54 Lk Subscribers Vs Addition Of 45Lk In June.  MKT share 35%

Airtel Adds 32.60 Lk Subscribers Vs Loss Of 11.3Lk Subscribers In June.  MKT Share 28%

Voda Idea Loses 37.26 Lk Subscribers Vs Loss Of 48.2Lk in Jun MKT share 26.34%

INFOEDGE/JUBILANT/WESTLIFE : 
ZOMATO yday afternoon said “India food delivery volumes have reached pre-COVID peaks. A number of cities are now at over 120% of pre-COVID peaks. Food delivery sector to continue to grow at ~15-25% m-o-m”

Cipla
Associate Co Avenue Therapeutics Gets US FDA Response Letter
US FDA Response Letter For IV Tramadol
Letter says application cannot be accepted in its present form.
letter says drug is not safe for the intended patient population. 

Infosys 
Completes Acquisition of  Product Design and Development Firm, Kaleidoscope Innovation. Was announced in Sept 2020 

Britannia
co will increase its investment in Tamil Nadu to ₹550 crore ( over 7yrs) vs planned ₹300 crore to set up a plant in the region. 
Co signed an MOU with TN 


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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