Pre-market analysis

1)Nifty closed at 11762.45 up 0.70% and banknifty closed at 23533.25 up 2%.

2)Global markets closed positive on friday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11836.5 up 0.55%

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 23500.

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

BRITANNIA
HDFC LIFE
ACC
CENTURY TEXTILE
RALLIS
L&T TECHNOLOGY
 
9)Stocks in news

#HDFCBANK RESULTS Q2

NII up 16.7% at Rs 15776.4cr vs Rs 13515cr,(est 15931cr)
Net profit up 18.4% at Rs 7513cr vs Rs 6345cr,(est 7269.9cr)
NIM is at 16qtr low of 4.1% vs 4.3%QOQ
HDB Fin reporting a net loss for the 1st  time ever- due to provisioning 

PrestigeEstates
Signs Non-binding Agmt With Blackstone Grp For Shr Sale In Commercial Offices
co to Sell Some Stake In Commercial Offices To Blackstone Group

DR REDDY'S
Dr Reddy's & RDIF Get DCGI Nod To Clinical Trial For Sputnik V Vaccine In India
RDIF To Supply 100 m Doses Of Vaccine To Drl Upon Regulatory Nod India

11)Happy Trading

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

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