Pre-market analysis

1)Nifty closed at 11670.80  down 0.50% and banknifty closed at 24092.00 down 0.58%.

2)Global market closed positive yesterday. today again will be volatile day with profit booking and short covering in some highly overbought and over sold scrips.

3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11637.80 down 0.28%

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 11700 and banknifty option pain is at 24000.

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

Reliance Industries
IndusInd Bank
IOC
UPL
DLF
JSPL
Max Financial Services
Deepak Nitrite
Dixon Tech
LT Foods
Dhanuka Agri
Just Dial
Suven Pharma 
 
9)Stocks in news

HPCL 
Company will consider a share buyback on November-4 (Next Week Wednesday)

HINDUSTAN COPPER
Board recommends seeking shareholders' approval for QIP Issuance Upto A Max Of Rs 2500 Crores

MCX
MCX and IEX signed licensing agreement for launch of electricity derivatives in India

10) F&O BAN
New in Ban: None

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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