Pre-market analysis

1)Nifty closed at 12263.55  up 1.18% and banknifty closed at 26798.95 up 1.85%

2)Global market closed negative on friday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 12408.20 up 0.41%

4) We may open gap up of around 120-150 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 12150 and banknifty option pain is at 26400.

7)Nifty may trade between 12100 and 12500 and banknifty may trade between 26000 and 27000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

9)Stocks in news
Gland Pharma IPO
Raises Rs 1943.86 Cr from 70 anchor investors
Allotted 12,959,089 equity shares at an upper price band of Rs 1500/share

Biocon 
Biocon Biologics Receives $15 Cr Capital Injection from Goldman Sachs

10) F&O BAN 
New in Ban: JINDALSTEL
Still in Ban: SAIL

11)Happy Trading

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

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