Pre-market analysis

1)Nifty closed at 11889.40  up 1.03% and banknifty closed at 24769.40 up 2.88%.

2)Global markets closed mixed yesterday.

3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11863.25 down 0.10%

4) We may open flat or 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 11800 and banknifty option pain is at 24300.

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 
Axis Bank
Dr Reddys
Hero MotoCorp
Titan
L&T (To Also Consider Special Dividend)
Marico
Piramal Enterprises
Cummins
 
9)Stocks in news
HERO MOTOCORP
Company & Harley-Davidson To Ride Together In India
HeroMoto 
To Sell & Service Harley-Davidson Motor Cycles and Sell Parts
To Also Develop & Sell A Range Of Premium Motorcycles Under Harley-Davidson Brand Name

ICICI BANK
Bank receives communication from the US SEC
SEC has concluded their investigation into the Bank’s loan impairment provisions
SEC does not intend to take any enforcement action against the Bank

TRENT, TATA CONSUMER
Multiple Reports
Tata eyes majority stake in e-grocer BigBasket
Tatas to buy majority stake for $500-700m
Big Basket has 50% share in online grocery market
​Big Basket FY19 Revenue at 3200 Cr, Loss at 350 Cr
Online Grocery market seen at $18.2 Bn by 2024

COCHIN SHIPYARD
Co signs MOU with Italian shipbuilding co Fincantieri
MOU for co-operation in areas of design, shipbuilding, ship repair
Fincantieri is a leader in cruise ship design and construction

10) F&O BAN 

New in Ban: None
Still in Ban: COFORGE, IDEA
Out of Bank: ESCORTS, NATIONALUM, VEDL

11)Happy Trading

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

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