Pre-market analysis

1)Nifty closed at 11937.65 up 0.34% and banknifty closed at 24635.05 up 1.33%.

2)Global markets closed negative yesterday.

3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11891.50 down 0.21%

4) We may open gap down of around 30-50 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 24400.

7)Nifty may trade between 11500 and 12000 and banknifty may trade between 23500 and 25000 for this week.this are very strong support and resistances as per oi chain.

8)Results today

Asian Paints
Bajaj Auto
SBI Cards
Ambuja
Biocon
Coforge
Bharti Infratel
L&T Finance
HDFC AMC
Indian Bank
Sterlite Tech
Alembic Pharma
Crompton Cons
Gokaldas
Hexaware 
Mphasis
Pricol
Subros
Tube Investment
UCO Bank
 
9)Stocks in news

HINDUSTAN COPPER
Board Meet On Oct 29 .. Next Week Thursday
To consider fund raising via QIP
To mull QIP to the extent of 15% of existing paid-up equity capital

ZEE ENTERTAINMENT
Announces restructuring, integrates digital assets and content team
Restructuring is in line with Co’s Zee4.0 strategy

BAJAJ FINSERV
Q2-YoY = MIXED
Life insurance showed robust premium growth across segments
But profit of insurance companies were disappointing QoQ
General Insurance Pat down 16% QoQ & Life Ins PAT dn 25% QoQ
Headline numbers YoY Consolidated – Total Income up 5.8%; Profit down 16%

SYNGENE
Q2-YoY = GOOD
Revenue Up 12%; EBITDA Up 12%
Margins Flat @ 30%
PAT Down 34%-But that’s coz of an exceptional item last time

GMM PFAUDLER
Q2-YoY = GOOD
Revenue up 21.7% at Rs 186.2 cr vs Rs 153 cr
EBITDA up 28.4% at Rs 39.3 cr vs Rs 30.6 cr
EBITDA margins at 21.1% vs 20% (Up 110 Bps)
Net profit up 29.3% at Rs 26.9 cr vs Rs 20.8 cr
Current order book of Rs 350 cr; added orders worth Rs 20 cr in Q2

10)F&O BAN
New in Ban: None
Still in Ban: BHEL, CANBK, IBULHSGFIN, IDEA, MINDTREE, NATIONALUM, PNB (7 Stocks)
Out of Ban: JINDALSTEL, SAIL, TATAMOTORS

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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