Pre-market analysis

1)Nifty closed at 12780.25  up 0.47% and banknifty closed at 28594.30 up 0.45%

2)Global market closed positive on friday.

3)Today, US and Europe futures are trading negative and asian markets are trading flat to negative and sgx nifty future is trading at 12886.20 up 0.82%

4) We may open gap up of around 100-130 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 12700 and banknifty option pain is at 28400.

7)Nifty may trade between 12700 and 13000 and banknifty may trade between 27500 and 29000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news

1-Reliance Ind.
2-BPCL
3-VODA-IDEA / BHARTI AIRTEL / RIL
4-PVR
5-INDIAN HOTELS
6-HDFC AMC
7-IOC / HPCL / BPCL
8-TATA MOTORS
9-TATA STEEL
10-L&T

9)Happy Trading

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

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