Pre-market analysis

1)Nifty closed at 11680.35 down 2.43% and banknifty closed at 23072.40 down 3.36%.

2)Global markets closed negative yesterday.Good recovery seen global markets yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11751.50 up 0.48%

4) We may open gap up of around 50-80 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 11800 and banknifty option pain is at 23400.

7)Nifty may trade between 11500 and 12000 and banknifty may trade between 23000 and 24000 for this week.this are very strong support and resistances as per oi chain.

8)Results today

HCL Tech, Bajaj Consumer, Federal Bank, Phillips Carbon Black, Shoppers Stop, Tata Communications
 
9)Stocks in news

Planning to raise up to Rs 2,000 cr through QIP as early as December 2020.
The Karnataka-based lender could become the first public sector bank to raise equity capital from the market this fiscal.

Voltas/AmberEnt/Havells/Symphony/BlueStar
Govt. bans import of air conditioners with refrigerants.
View to promote domestic manufacturing and cut imports of non essential items

BHAAIRTEL
CCI Approves Carlyle Stake Buy In Bharti Airtel's Data Centre Arm

TECHMAHINDRA
Sets up JV with Sumitumo Japan
JV to provide Engg Svcs to the automotive sector
Initally, each party will invest 100m JPY towards capital (7 Crores)

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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