Pre-market analysis
1)Nifty closed at 11738.85 up 0.66% and banknifty closed at 22964.80 up 0.49%. 2)Global markets closed huge positive yesterday. 3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11828.00 up 0.23 4%. 4) We may open gap up of around 40-60 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11700 and banknifty option pain is at 22800. 7)Nifty may trade between 11600 and 1200 0 and banknifty may trade between 22000 and 23500 for this week.this are very strong support and resistances as per oi chain. 8)Results today No major results today 9)Stocks in news Tcs Excellent result with good commentary WIPRO To consider buyback along with results on 13th (Next Week Tuesday) Wipro ADR up 4.4% In Trade Post Announcement LIFE INSURANCE September APE (YoY) – Annual Premium Eq...