Pre-market analysis

1)Nifty closed at 12859.05  up 0.68% and banknifty closed at 29236.00 up 1.15%

2)Global market closed negative yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading flat to positive and sgx nifty future is trading at 12979.50 up 0.98%

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 28700.

7)Nifty may trade between 12700 and 13000 and banknifty may trade between 28500 and 29500 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news

RELIANCE INDUSTRIES
CCI Approves Future Retail & Reliance Retail Deal

MPHASIS
Reports Suggest
Blackstone mulls exit 
Blackstone has initiated discussions with JPM, Citi and MS for sell side advisory 
Alert Blackstone’s Unit Marble II Pte owns a 56.16% stake

IRCTC
Appoints Legal Advisor For Disinvestment Through Offer For Sale
Alert Government Stake In IRCTC at 87.4%

BEML 
Gets Additional Order worth Rs 501 Crores from Mumbai Metro

PAINT / AVIATION / TYRE STOCKS
Brent Crude @ $ 45/ Barrel
Posts third straight week of gains on vaccine optimism
Somewhat Negative for Crude consumers

KOTAK BANK / INDUSIND BANK / BAJAJ FINSERV / BAJAJ FIN / M&M FIN
RBI Panel Report
Cap On Promoter Stake May Be Raised To 26% From 15% In Long Run (15 Yrs)
For Non-promoter Shareholding, Uniform Cap Of 15% Can Be For All Shareholders

9)Happy Trading

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

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