Pre-analysis

1)Nifty closed at 11669.15  up 0.23% and banknifty closed at 24892.50 up 4.15%.

2)Global market closed positive yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11669.15 up 0.23%

4) We may gap up of around 30-50 pts and follow global futures as the day progresses.nifty was underpressure due to reliance,today by eod or tommorrow we can see shortcovering in reliance,levels on reliance are already shared on instagram.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 11700 and banknifty option pain is at 24500.

7)Nifty may trade between 11500 and 12000 and banknifty may trade between 24000 and 26000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Sun Pharma
Adani Ports 
Dabur
Godrej Properties
Muthoot Finance
PVR

9)Stocks in news

STERLITE TECHNOLOGIES
To acquire 100% stake in Italian Company Optotec S.p.A 
Optotec provides a complete range of Optical Interconnect products for the telecommunications and FTTH networks across Europe
Enterprise Value of approx € 29Mn
Optotec Revenues of € 20 Mn Euros

KPIT TECHNOLOGIES
Decides not to go ahead with the proposed agreements entered with Vayavya Labs for acquiring majority stake in VL
In view of the changed environment due to the ongoing pandemic, both have mutually decided not to go ahead with the proposed transaction.

L&T
Emerges Lowest Bidder For One More Pkg For Mum-Ahmedabad Bullet Train Project 
L&T’s Lowest Bid Was At 7,289 Cr For The C6 Package For The Project
This Package Connects Vadodara With Ahmedabad Through One Station

NCC 
Receives a new order worth Rs 833 Crores in October
 
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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