Pre-market analysis

1)Nifty closed at 11908.50  up 0.80% and banknifty closed at 25771.60 up 0.35%

2)Global market closed positive yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 12080 up 1.44%

4) We may open gap up of around 150-180 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 11800 and banknifty option pain is at 25200.

7)Nifty may trade between 11700 and 12300 and banknifty may trade between 25000 and 26500 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Berger paints
Concor
Dish tv
Gujrat gas
Trent
Emami
Astrazen
Torrent power
Vinati organics
Adani trans
Adani power
Godrej cons
Birlasoft

9)Stocks in news
PVR/INOX/UFO MOVIES/MUKTA ARTS/ CINELINE /BALAJI TELE
Maharashtra Govt  says Cinema Halls/Theatres/Multiplexes Allowed With 50% Capacity From Nov 5 2020

INTERGLOBE/SPICEJET :
Government extends the cap on airline capacity of 60 per cent up to February 24 despite an improvement in demand and airline executives calling for more flights to be permitted during the festive season.

HPCL 
Board Approves Share Buyback At 250/Sh 
ie premium of 34%
Co To Spend 2,500 Cr On Share Buyback
Promoter ONGC not to participate in Buyback 

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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