Pre-market analysis
1)Nifty closed at 12461.05 up 1.61% and banknifty closed at 27534.10 up 2.74% 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 12616.50 up 1.10% 4) We may open gap up of around 120-150 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 12300 and banknifty option pain is at 27000. 7)Nifty may trade between 12100 and 1270 0 and banknifty may trade between 27000 and 28000 for this week.this are very strong support and resistances as per oi chain. 8)Results today M&m Infoedge Nmdc Hindalco Gail Motherson sumi Procter n gamble Aarthi indust Godfrey phillips Kscl Jb chem n pharma Alkylamine 9)Stocks in news EIL Engineers India to consider buyback of equity shares on November 12, 2020 Inox Inox Leisure launches QI...