Pre-market analysis

1)Nifty closed at 11729.60  down 1.34% and banknifty closed at 24232.50 down 2.17%.

2)Big sell offs in global market yesterday.but futures are trading positive today. Market will be very volatile with wild swings either side is possible. We can open in green too. 

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11678.80 down 0.35%

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 11750 and banknifty option pain is at 24100.

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 
 Maruti
BPCL 
BoB
Canara Bank
Aavas Financiers
Aegis Logistics
Havells
Himadri Speciality
Interglobe aviation
JK Paper
Laurus Labs
Strides Pharma
TATA Chemicals
TVS Motor
Shriram Transport
 
9)Stocks in news
AJANTA PHARMA
Boardmeet on Nov 3 (next week Tuesday) to consider results and buyback of shares

PIDILITE INDUSTRIES
Announced Acquisition @ 2:09 AM
To Buy Huntsman Corp’s India Biz for Rs 2100 Cr
Has brands like: Araldite, Araldite Karpenter & Araseal
Acquisition also includes Trademark licence for Middle East, Africa and ASEAN countries.

Cipla 
The company announced the commercialization of the antibody detection kits for Covid-19 in India, in partnership with KARWA Ltd

10) F&O BAN
New in Ban: None
Still in Ban: COFORGE, IDEA
Out of Bank: None

11)Happy Trading

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

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