Pre-market analysis

1)Nifty closed at 13133.90  up 0.15% and banknifty closed at 29448.75 down 0.05%

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 13255.80 up 0.40%

4) We may open gap up of around 80-100 pts and follow global futures as the day progresses.Today being friday,trend id bullish,but individual scrip can have short covering and profit booking.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 13100 and banknifty option pain is at 29500.

7)Nifty may trade between 13000 and 13500 and banknifty may trade between 29000 and 30000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news 

VEDANTA 
Moody's Cuts Rating Of Vedanta's UK Parent
Under Review For Further Downgrade - amid weak liquidity and high refinancing needs 

GHCL 
India Ratings & Research affirmed IND A1+ Rating For Commercial Papers and IND A+ (Outlook Positive) For Issuer Rating (Long Term)

StocksInFocus 
1- REAL ESTATE / BANKS
2- SBI / HDFC BANK
3- BHARTI AIRTEL
4- CENTURY ENKA /SRF 
5- NTPC
6- ADANI GAS
7- GRANULES INDIA
8- ULTRATECH
9-BURGER KING 

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

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