Pre-market analysis

1)Nifty closed at 9972 up 0.72% and banknifty closed at 20654.55 up 0.63%.

2)There was huge recovery in market after big gap down.

3)Today, US and Europe futures are trading lower and asian markets opened in red and sgx nifty is trading at 9858.50 down 0.41%.

4) We may open gap down of around 70-80 pts  and will once again follow global futures as the day progresses.

5)Support and resistance for Nifty and Banknifty  for intraday.
6)Nifty option pain is at 9900 and banknifty option pain is at 20500.

7)Nifty may trade between 9500 and 10000 range and banknifty may trade between 19000 and 22000 range which will act as good suppprt and resistance as per option chain.

8)Results today.

Tata Motors
Shoppers Stop 
Pfizer 
JK Tyres
IGL
Narayana Hrudayalaya  
Action Construction
Ashoka Buildcon
Can Fin Homes  
Cholamandalam Financial 
CSB Bank  
Intellect Design
Meghmani Organics  
Nath Bio-Genes  
Satin Creditcare Network  
Shalby  
Shilpa Medicare

9)Stocks in news.

Sector in focus Tyre
Govt imposes curbs certain type of tyre import. To favour domestic industry 
Apollo tyres/ Balakrishna / jk tyre / MRF/Ceat

Sector in Focus Gems & Jewellery 
Govt considering to give some relief to sector on import and export  of gems 
Interest subvention to be raised to 7% vs current 5% 
Titan/ thangamayil / TBZ 

Reliance -  more investment deal over the weekend.

Eicher motor - result after market hours.

Bhel - results after market hours.

Hindalco -results after market hours.

DR REDDY'S / CADILA
Enters Into A Licensing Agreement With Gilead Sciences For Remdesivir.

SHRIRAM TRANSPORT FINANCE
Board meeting today for fund raising.

10) Results analysis.

EICHER MOTORS
Weakness continues in both Royal Enfield and CV Business
Q4, Cons YoY
Net Profit (RD)44.1% At `304.3 Cr Vs `544.8 Cr
Revenue (RD)11.7% At `2,208.2 Cr Vs `2,500.1 Cr
EBITDA (RD)36.9% At `432.1 Cr Vs `684.6 Cr
EBITDA Margin At 19.6% Vs 27.4%.

Board approves stock split from the existing one (1) equity share of face value of Rs.10/- each into ten (10) equity shares of face value of Rs. 1/- each - this will taken as positive.
Commentary - strong.

BHEL
Q4FY20 Cons, YoY
Net Loss At `1,532.67 Cr Vs Profit Of `681.46 Cr
Revenue (RD)51.3% At `5,049.8 Cr Vs `10,372.7 Cr
EBITDA Loss At `559.6 Cr Vs  EBITDA Gain Of `1,386 Cr
Very weak result.

CASTROL INDIA
Q4 – YoY 
Revenue Down 29.5% At `688 Cr Vs `976.2 Cr
EBITDA Down 38.9% At `173 Cr Vs `283 Cr
EBITDA Margin At 25.2% Vs 29%
Net Profit Down 32.3% At `125.2 Cr Vs `185 Cr
Weak result.

VINATI ORGANICS
Weak numbers yoy, QoQ there is an increase
Q4FY20-YoY
Revenue down 19% at 245cr vs 302cr (up 3% QoQ)
EBITDA down 19% at 101cr vs 125cr (up 21% QoQ)
OPM at 41.2% vs 41.4% (vs 34.7% QoQ)
PAT down 10% at 75cr vs 83cr (up 12% QoQ)
Weak result.

11)F&O BAN
New in Ban: IDEA
Still in Ban: ADANIENT, BHEL, JUSTDIAL, PVR
Out of Ban: ESCORTS, JINDALSTEL

12)Happy trading.

13)Follow us on telegram,for call on equity and options. Channel name - optionstraders.









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