Pre-market analysis

1)Nifty closed at 12461.05  up 1.61% and banknifty closed at 27534.10 up 2.74%

2)Global market closed positive yesterday.

3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 12616.50 up 1.10%

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 12300 and banknifty option pain is at 27000.

7)Nifty may trade between 12100 and 12700 and banknifty may trade between 27000 and 28000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 
M&m
Infoedge
Nmdc
Hindalco
Gail
Motherson sumi
Procter n gamble
Aarthi indust
Godfrey phillips
Kscl
Jb chem n pharma
Alkylamine

9)Stocks in news

EIL 
Engineers India to consider buyback of equity shares on November 12, 2020

Inox
Inox Leisure launches QIP at Rs263.1 per share. The floor price is a 1.42% discount to Monday's closing.

TataSteel
The company signs MoU to procure their complete domestic zinc requirements from Hindustan Zinc

Tcs
TCS to acquire Postbank Systems from Deutsche Bank.

*Pfizer Vaccine Update* (Bloomberg)

 PFIZER VACCINE PREVENTS 90% OF COVID INFECTIONS IN LARGE STUDY
 PFIZER/BIONTECH VACCINE 2-MONTH SAFETY DATA DUE IN ABOUT A WEEK
PFIZER/PHASE 3 TRIAL SHOWS NO SERIOUS SAFETY ISSUES
DOW FUTURE UP MORE THEN 1000 POINTS 

10)Happy Trading

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

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