Pre-market analysis

1)Nifty closed at 14199.50  up 0.47% and banknifty closed at 31722.25 up 1.63%

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 14198.50 down 0.12%

4) We may open flat or gap down of around 30-60 pts and follow global futures as the day progresses.

5)Support and resistance for nifty and banknifty
6)Nifty option pain is at 14100 and banknifty option pain is at 31500.

7)Nifty may trade between 14000 and 14500 and banknifty may trade between 31000 and 32000 for this week.this are very strong support and resistances as per oi chain.
 
8)Stocks in news 

HDFC BANK
Good Q3 Update
Highlight – Bank Continues to gain Market Share
Bank’s Share of Total Credit In The System:
Q3’20 = 9.41%
Q2’21 = 10.1%
Q3’21= 10.26%
Deposits Up 19.1% YoY & 3.4% QoQ
Advances Up 15.6% YoY & 4.3% QoQ 
Low cost deposit share at 11qtrs high of 43%

ONGC / OIL / HOEC 
Crude Jumps Overnight 
Saudi Arabia announces voluntary production cut of 1 mbpd in Feb & March 

ITC / GODFREY PHILLIPS / VST INDUSTRIES 
Sentiment Negative
Reports Suggest
Centre has prepared a draft bill to increase the age to allow sale of cigarettes and tobacco products to 21 years from 18 Years currently
Increased Penalty for smoking in restricted areas

INTERGLOBE AVIATION
Reports Suggest
Company gets Extended Diversion Time Operations Approval From Aviation Regulator DGCA for its 29 P&W Engines powering its A320/A321Neo Planes
Will Now Be Able To Operate Longer Overseas Routes👍

LUPIN 
Network Accesses Form 483 Issued to Lupin’s Somerset Facility in New Jersey, US 
Issued 13 observations to Somerset facility 
Observations have detailed focus on lack of equipment cleaning and maintenance 
Alert: Somerset is around 5% of total sales for Lupin

BAJAJ FINANCE
RBI Imposes Fine / Penalty of Rs 2.5 Crores
Fined For Breach Of Risk Management, Outsourcing Norms            
Persistent/repeat complaints about recovery & collection methods 

F&O BAN 
New in Ban: SAIL 

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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