Pre-market analysis

1)Nifty closed at 12858.40  down 1.51% and banknifty closed at 29196.40 down 1.82%

2)Global market closed negative yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 12978.80 up 0.72%

4) We may open flat or gap up of around 20-30 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 12800 and banknifty option pain is at 29100.

7)Nifty may trade between 12500 and 13000 and banknifty may trade between 28500 and 30000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news

TCS 
Ex date for Rs 16000 cr buyback 
TCS will purchase 1.42% outstanding equity at tender price of Rs 3000 (10% premium) 

Astral Poly Technik Ltd: 
 pioneer in manufacturing of CPVC pipes & fittings announced its entry into the Plastic Storage Tank Business. To invest 75cr Rs,
Plastic Storage Water Tank business has an Opportunity of Rs. 5000 Cr.

Laurus Labs signs definitive agreement to acquire 72.55% of Richcore Lifesciences shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crores.With this acquisition enters Co enters the rapidly growing biotechnology segment

Fine Organics: Starts operations in new manufacturing facility situated at Additional MIDC Patalganga, Maharashtra.

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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