Pre-market analysis

1)Nifty closed at 12771.70  down 1.29% and banknifty closed at 28903.05 down 2.85%

2)Global market closed positive 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 12827.20 up 0.39%

4) We may open flat or gap down of around 30-50 pts and follow global futures as the day progresses. IT and pharma sector seems good for going long.risk and reward favourable.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 12600 and banknifty option pain is at 28500.

7)Nifty may trade between 12500 and 13000 and banknifty may trade between 28000 and 30000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news
 
1- RIL
2- L&T/ BHEL/PNC Infra/ IRB infra
3- CIPLA / CADILA
4- GLAND PHARMA 
5- ALKEM
6- MPHASIS
7- AFFLE INDIA
8- VODAFONE-IDEA
9- INFOSYS
10- AARTI IND

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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