Pre-market analysis
1)Nifty closed at 14146.25 down 0.38% and banknifty closed at 31797.90 up 0.24% 2)Global market closed positive yesterday. 3)Today, US and Europe futures are trading positivr and asian markets are trading positive and sgx nifty future is trading at 14283.50 up 0.77% 4) We may open gap up of around 70-100 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 31700. 7)Nifty may trade between 14000 and 14500 and banknifty may trade between 31000 and 32500 for this week.this are very strong support and resistances as per oi chain. 8)Stocks in news TELECOM COS Government to auction wireless Spectrum in 7 Bands On March-1 Notice inviting applications was sent y'day; Offers can be submitted until 5-Feb #Alert No 5G spectrum blocks to be auctioned (3300 – 3500 MHz) Government aiming to raise Rs 3.92 lakh Crores L...