Pre-market analysis

1)Nifty closed at 11503.35 up 0.76% and banknifty closed at 22370.95 up 0.56%.

2)Global markets closed positive yesterday. Huge rally on hopes of stimulus.

3)Today, US and Europe futures are trading positive and asian markets are trading mixed and sgx nifty future is trading at 11570.00 up 0.40%.

4) We may open gap up of around 60-80 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty




6)Nifty option pain is at 11500 and banknifty option pain is at 22400.

7)Nifty may trade between 11200 and 11800 and banknifty may trade between 22000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today
No result announcement of any important company.

9)Stocks in news

ITC/Godfrey phillips /UBL/USL

Goa Recommends Hike In Cess On Tobacco Products Can Yield Substantial Rev
Bihar: Can Examine Hiking Cess On Sin Goods If It Reduces Borrowing Burden

TITAN : 
Launches Festive Collection Ekatvam
Gold & Studded Jewellery In The Range Of 1-3 Lakh Is Seeing Good Demand
Seeing Sluggishness In Demand For Products Below 1 Lakh
Despite High Gold Prices, Saw Continued Interest In Gold

Britannia : 
Board approves issue of  1 unsecured, non‐convertible, redeemable fully paid‐up debenture for 1 Equity share held.  face value of debenture  Rs. 29 each, 
Board also approves dividend of RS 12.50/sh

MAJESCO
Board Meeting On Oct 8 To Consider Share Buyback

Nifty banks
All banks will be in focus due to quarter 2 updates.

10)Results
No results update

11)Happy Trading

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

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