Pre-market analysis

1)Nifty closed at 11813.50  up 1.24% and banknifty closed at 25682.80 up 3.17%.

2)Global market closed positive yesterday.

3)Today, US and Europe futures are trading very volatile and slight negative and asian markets are trading negative and sgx nifty future is trading at 11801.75 down 0.40%

4) We may open flat or gap up of around 30-50 pts and follow global futures as the day progresses,it will be most difficult day to trade today due to volatality.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 11750 and banknifty option pain is at 25000.

7)Nifty may trade between 11500 and 12000 and banknifty may trade between 24000 and 26000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

State Bank of India
United Spirits
Lupin
HPCL
Adani Enterprises
Adani Green Energy
Apollo Tyres
Balrampur Chini
Happiest Minds
Indian Hotels
JK Lakshmi Cement
Pidilite 
Praj Industries
SRF
Thermax

9)Stocks in news

ADANI GAS
Acquires 3 Geographical Areas for City Gas Distribution – Ludhiana, Jalandhar, Kutch (East)

AJANTA PHARMA
BUYBACK
Board announces Buyback of Rs 136 Crores
To buyback 7.3 Lakh Shares @ Rs1850/share
Price at 15% premium to yesterday’s closing price
 
10) F&O BAN
New in Ban: None

11)Happy Trading

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

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