Pre-market analysis

1)Nifty closed at 13328.40  down 3.14% and banknifty closed at 29456.45 down 4.10%

2)Global market closed mixed yesterday. Great recovery from big fall in the opening.

3)Today, US and Europe futures are trading mixed and asian markets are trading green and sgx nifty future is trading at 13436 up 0.44%

4) We may gap up of around 80-100 pts and follow global futures as the day progresses.Till now,first half will belongs to bull, second half wilp completely depend on global ,we will replicate.  

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 13700 and banknifty option pain is at 30600.

7)Nifty may trade between 13000 and 13700 and banknifty may trade between 29000 and 30500 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news 

JSW STEEL
Italian Arm To Buy 30.7% Addl Stake In GSI Lucchini For €1 m

ENGINEERS INDIA
Record date set as Jan-1 for share buyback (Next Week Friday)
BuyBack Price @ Rs 84/ Share – Aggregating to Rs 587 Crores

STRIDES PHARMA
Gets US FDA Nod For Oxybutynin Chloride Tablet (5 mg)
Oxybutynin Is Used To Treat Symptoms Related Overactive Bladder

LUPIN
Receives USFDA approval for Rufinamide Oral Suspension
Drug used in treatment of seizure

SUN PHARMA
Promoter Shanghvi Finance released pledge of 51lk shares from Dec/14-17

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

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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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