Pre-market analysis

1)Nifty closed at 12120.30  up 1.78% and banknifty closed at 26313.10 up 2.10%

2)Global market closed positive yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading mixed and sgx nifty future is trading at 12168 up 0.14%

4) We may open gap up of around 30-50 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty


6)Nifty option pain is at 12000 and banknifty option pain is at 26000.

7)Nifty may trade between 12000 and 12500 and banknifty may trade between 25500 and 27000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Cipla, ITC 
Vedanta, AB Fashion, Ashok Leyland, Astral Poly, Balkrishna Inds, BEML, BEL, BHEL, CreditAccess Grameen, Glenmark, Dr Lal Pathlabs, Gulf Oil, India Cements, Manappuram Fin, MRF, REC, SCI, Tata Consumer Products, United Breweries, Voltas, VRL Logistics

9)Stocks in news
RELIANCE INDUSTRIES 
Public Investment Fund Invests In Company's Subsidiary Reliance Retail Ventures 

10) F&O BAN 
New in Ban: SAIL

11)Happy Trading

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

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