Pre-market analysis
1)Nifty closed at 10288.90 down 0.16% and banknifty closed at 21506.15 up 0.37%. 2)What a recovery in second half yesterday,we just followed global futures,global futures recovered we recovered. There was no rocket science behind this recovery. 2)Today, US and Europe futures are trading flat to negative and asian markets opened in green and sgx nifty is trading at 10275.00. 3) We may open gap up of around 70-80 pts and follow global futures as the day progresses. 4)Support and resistance for Nifty and Banknifty for intraday. 5)Nifty option pain is at 10300 and banknifty option pain is at 21500. 6)Nifty may trade between 10000 and 10500 and banknifty may trade between 20000 and 23000 for this week.this are very strong support and resistances as per oi chain. 7)Results and Important events today. 8)Stocks in news. Vedanta Gets Shareholder Approval To Delist Shares Of Co From NSE & BSE PNC Infratech Gets Letter Of Ac...