Pre-Market Analysis

1)Nifty closed at 9920 down 2.12% and banknifty closed at 20525.15 down 2.72%.

2)Yesterday, we have seen big sell off in global market.

3)Today, US and Europe futures are trading higher and asian markets are opened in green and sgx nifty is trading at 9618 down 2.39%.

4) We may open gap down of around 180-200 pts  and will once again follow global futures as the day progresses. We may recover for the day.Dont jump into trade at the opening.

5)Support and resistance for Nifty and Banknifty  for intraday.


6) Nifty Option pain is at 10000 and Banknifty option pain is at 20700.

7) Nifty may trade between 10500 and 9500 levels for this week and banknifty may trade betweeen 21500 and 19500 levels for this week which will act as resistance and support respectively as per option chain.

8)Results today.
Alkali Metals
Bharat Seats Gandhimathi Castrol Eicher motors GIPCL Goodyear Hindalco IOL chem M&M KM Sugar Mang chem fert Panama Petro Sukhjit Suprajeet Sutlej Text

9)Stock in news.

Lupin
Receives US FDA Approval for Albendazole Tablets
Albendazole Tablets USP (RLD: Albenza® ) had an annual sales of approximately USD 34 million in the U.S.

SC To hear Interest Waiver Case - Banks,NBFC in focus.

GST Council meeting.

SBI LIFE / SBI in Focus
SBI
Board Approves 2.1% Stake Sale  In SBI Life Via OFS        
SBI Life OFS Opens Today For Non-Retail Investors & On June 15 For Retail Investors
Floor price 725 
SBI's stake to come down to 55.5%
SBI may get Rs 1522.5 cr.

Biocon and Mylan Announce U.S. FDA Approval of Semglee™ Insulin Glargine

Wipro
Wipro Partners with and Invests in CloudKnox Security to Secure Multi-Cloud and Hybrid Cloud Infrastructure.

Sun Pharmaceutical
Promoter pledges 68 lakh equity shares

10)Result analysis.

EID Parry Q4 Cons (YoY)
Net Profit down 0.5% At `157.2 Cr Vs `158.1 Cr 
Revenue UP 16.4% At `4,245.1 Cr Vs `3,646.2 Cr
EBITDA UP 34.4% At `624.5 Cr Vs `464.7 Cr
EBITDA Margin At 14.7%  Vs 12.7%
Tax Expense At `205.6 Cr Vs `94.1 Cr

SHRIRAM CITY UNION FINANCE
Weak Q4 Growth, Lower NIMs & Elevated Provisions Impact Earnings
NIM @ 12.33% - Lowest In Last 8 Quarters
Company made Rs 426 Crores provisions due to Covid
Profit down 39% @ Rs 153 Crores YoY
Asset Quality Improved, GNPA @ 7.9% v 8.5% QoQ

11) Happy trading . For more information and calls related to options and equity follow us on telegram.







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