Pre-market analysis

1)Nifty closed at 11930.35 up by 0.28% and banknifty closed at 24478.30 down 0.02%.

2)Global markets closed mixed on friday.

3)Today, US and Europe futures are trading negative and asian markets are trading mixed and sgx nifty future is trading at 11948.50 up 0.12%

4) We may open flat or gap up 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 11800 and banknifty option pain is at 24200.

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 
Kotak Bank
SBI Life
M&M Financial
Torrent Pharma
Finolex Industries
GHCL
 
9)Stocks in news
AUROBINDO PHARMA
To dispose off business assets of Natrol LLC, a step down subsidiary in the USA to New Mountain capital
Consideration at $550mn, The transaction is expected to close by January 2021
Alert: Company had bought the company in 2014 at $132.5mn

TATA MOTORS
BAGS ORDER OF 6413 VEHICLES FROM ANDHRA PRADESH STATE CIVIL SUPPLIES CORP
Order for Tata ACE Gold Mini Trucks

RAIL VIKAS NIGAM
Govt to sell up to 15% stake in RVNL via OFS
Invites Bids From Merchant bankers For Offer-For-Sale

10)F&O BAN
New in Ban: ESCORTS, IDEA, VEDL
Still in Ban: BHEL, CANBK, NATIONALUM, PNB
Out of Ban: MINDTREE

11)Happy Trading

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

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