Pre-market analysis

1)Nifty closed at 10244.40 up 1.51% and banknifty closed at 21338.10 up 1.82%.

2)Today, US and Europe futures are trading positive and asian markets opened in green and sgx nifty is trading flat to negative at 10208.50.

4) We may open gap up of around 20-30 pts or flat and follow global futures as the day progresses.

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

6)Nifty option pain is at 10000 and banknifty option pain is at 21000.

7)Nifty may trade between 9000 and 10500 for this week and banknifty may trade between 20000 and 22000 for this week.

8)Results today.
Apollo hospitals
Balaji amines
Morepen labs
Info edge
GTL
GE power
Dhanlaxmi bank
Kirloskar industries

9)Stocks in news.
Glenmark : gets nod to mfg and mkt drug for mild to moderate Covid cases.

Cadilla/DRL/Jub life : Hetero recieves Mfg and mkt approval from DGCI for Remdesivir.

Cipla launches Remdesivir.

Infoedge BM today in further fund raise via QIP.

10)Results

Dalmia Bharat Sugar 
NP up 43% at 62cr 
Rev dn 3.3% at 550cr 
Ebitda up 40% at 96cr 
Margin 17.4% vs 12% 

Akzo Nobel 
Rev dn 17% at 581cr 
PAT dn 23% at 54cr 
Ebitda dn 16% at 86cr 

LIC Hsg :
NII 1083cr vs expected 1259cr 
NP 421cr vs expected 552cr 
Lowest open growth ever 
Disbursals dn 34% YoY 
25% loans under moratorium 
CLSA- BUY tgt 350 vs 530 

Power Grid 
PAT up 8% at 3313cr 
Rev up 8% at 10507cr

PNB -strong sequential growth 
Best NIM & NII in 5 qtrs 
NII 4677cr expected 4313cr
NEt loss 697cr expected 1208cr 
GNPA 14.21% vs 16.3% 
Moratorium 30% 
Slippages dn 32% 

11)Happy trading.follow us on telegram channel Optionstraders for calls on equity and options.


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