Pre-market analysis

1)Nifty closed at 12938.25  up 0.50% and banknifty closed at 29749.55 up 1.95%

2)Global market closed negative yesterday.

3)Today, US and Europe futures are trading negative and asian markets are trading flat to negative and sgx nifty future is trading at 12867.50 down 0.75%

4) We may open gap down of around 100-130 pts and follow global futures as the day progresses. We may see profit booking in banknifty and other sectors IT and pharma can perform today.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 12900 and banknifty option pain is at 29400.

7)Nifty may trade between 12800 and 13000 and banknifty may trade between 29000 and 30000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news

Hero MotoCorp 
Co Marks Retail Sales Of 14 Lakh Units In 32 Day Festive Period 
ie 43750 units /day
Inventory level reach all time low. 
100cc and 125cc bikes show most demand 
Double digit growth witnessed in some scooters

 WIPRO
Dec 11, 2020 fixed record date for buyback

TCS 
 Nov 28, 2020 fixed record date for the buyback.

SPICEJET 
As Boeing 737 Max cleared for flying 
Oct Domestic air passenger traffic (GU)33.6% (MoM
SPICEJET 13.4% -Market Share 
74% Load Factor
Interglobe : 55.5%- Market Share
68.2% Load Factor

#PFIZER : 
Covid vaccine in final trial show 95% efficacy. Co to file for emergcency clearance 
Pfizer reiterated it expects to make as many as 50 million vaccine doses this year, enough to protect 25 million people, and then produce up to 1.3 billion doses in 2021.

9)Happy Trading

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

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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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