Pre-market analysis
1)Nifty closed at 11050.25 and banknifty closed at 20982.35. 2)Global markets closed positive on friday. 3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11077.50 up 0.34%. 4) We may open gap up of around 50-70 pts and follow global futures as the day progresses. as expected theere was huge shortcovering rally on friday and we closed above 11k.Today being important day for banknifty sc verdict, day will be volatile,for our upward journey towards 11500-11800,bnf needs to support. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11000 and banknifty option pain is at 20900. 7)Nifty may trade between 10800 and 11500 and banknifty may trade between 20500 and 21500 for this week.this are very strong support and resistances as per oi chain. 8)Results today No result announcement of any important company. 9)Stocks in news ...