Pre-market analysis

1)Nifty closed at 12631.10  up 1.36% and banknifty closed at 28606.00 up 3.89%

2)Global market closed mixed yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading mixed and sgx nifty future is trading at 12718.75 up 0.09%

4) We may open flat or gap up of around 30-50 pts and follow global futures as the day progresses,expecting pharmas to have major shortcovering today.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 12500 and banknifty option pain is at 28000.

7)Nifty may trade between 12500 and 13000 and banknifty may trade between 28000 and 29000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Coal India
Aurobindo Pharma
Abbott India
Apollo Hospitals
Ashoka Buildcon
Astra Microwave
Bharat Forge
CAMS
GIC Housing 
Godrej Industries
Garden Reach Ship
Indiabulls Housing Finance
IGL
ITI
LIC Housing

9)Stocks in news

ONGC
ONGC Videsh to acquire 13.66% Participating Interest in Exploitation Area and 15% Participating Interest in Exploration Area under RSSD Production Sharing Contract, Offshore Senegal 

MayurUniquoters 
-Board approves buyback of 7.5 lakh shares (1.65% of equity)
-Buyback Price: Rs 400/Share a 56.5% premium 
-Record Date: November 25

Wipro 
Wipro wins five-year software engineering services engagement from ThoughtSpot.

10)Happy Trading

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

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