Pre-market analysis

1)Nifty closed at 11662.40 up 1.38% and banknifty closed at 22853.70 up 2.16%.

2)Global markets closed negative yesterday.Dow closes 375 points lower after Trump calls off stimulus, causing a sudden drop in markets
trump told his negotiators to end coronavirus stimulus talks with Democrats until Nov. 3 election

3)Today, US and Europe futures are trading flat and asian markets are trading positive and sgx nifty future is trading at 11701.50 up 0.23%.

4) We may open flat or gap up of around 40-60 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty



6)Nifty option pain is at 11600 and banknifty option pain is at 22600.

7)Nifty may trade between 11500 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
TCS
Majesco
MIC Electronics
Unity Infraprojects
Zee Learn

9)Stocks in news

DIXON TECH :
MEITY Approves 16 Applicants For Claiming Benefits Under  PLI Scheme
DIXON's 100% subsidiary Padget Electronics application cleared. 
Intl Mobile Phone Mfg Cos Approved u/Mobile Phone 
5 Intl Cos Approved Include Samsung, Foxconn

SBI : GOVT appoints Dinesh Kumar Khara SBI CHAIRMAN, for 3 yrs. Effective 7th OCT. 
Rajnish kumar bid the bank adieu after service of 40yrs on 6th Oct.
Khara  is the senior-most of 4 MD's at SBI and was in charge of global banking and subsidiaries of the bank

RELIANCE : 
ADIA To Invest 5,512.50 Cr For 1.2% Equity In Reliance Retail
ADIA's Investment In Reliance Retail At An Equity Valuation Of 4.29 Lk Cr
Reliance Retail in 8 deals Has Raised 37,710 Cr From 7 Investors for 8.5% stake 

10)Results
No results update

11)Happy Trading

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

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