Pre-market analysis

1)Nifty closed at 10471.0 up 1.55% and banknifty closed at 22264.90 up 2.56%.

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

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

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



5)Nifty option pain is at 10250 and banknifty option pain is at 21700.

6)Nifty may trade between 10000 and 10500 and banknifty may trade between 20000 and 23000 for this week.this are very strong support and resistances.

7)Results today and important events.


8)Stocks in news.

Focus Today PSU divestment 
Idbi Bank: 
Cabinet draft note ready for govt to sell its stake in bank. 
Govt to sell entire 46.5% stake 

SCI : 
If eco situation improves then Bids likely to come in next Qtr 
Govt to sell entire 63.7% 

JSPL / SAIL / JSW /KALYANI STEEL / SUNFLAG IRON  
Govt imposes Anti-Dumping Duty for five years on import of Flat rolled product of steel, plated or coated with alloy of Aluminium and Zinc, exported from China, Vietnam and Korea.
Notification issued.

BHEL / VOLTAMP / BHART BIJLEE / ELGI EQUIPMENT 
Power Minister To Industry
Propose To Impose BCD On Solar Modules, Solar Cells & Solar Inverters
Alert: BCD Is Basic Custom Duty
Propose To Impose BCD On Solar Modules, Cells & Inverters From Aug, 2020

9)Results. 

Asian Paints : Covid hit volume at low single digit 

NP 480cr expected 515cr 
Rev 4635cr expected 4767cr 
Ebitda 359cr expected 870cr 
Margins 18.6% expected 18.3% 

Mngmt says: June sales pick up vs May 
Tier 2 & rural areas doing better than urban 

Berger Paint 
PAT 103cr expected 118cr 
Rev 1355cr expected 1369cr 
Ebitda in line 208cr 
Margins 15.4% 
Low RM cost helps Ebitda and margins 

BOB 
NP 506cr vs expected loss 202cr 
PAT aided by Tax write back 
NII at 6798cr vs expected 7244cr 
65% of book under moratorium 
Watchlist up 19% QoQ 
NIM at 2.67% 

10)F&O BAN
New in Ban: JUSTDIAL
Still in Ban: CENTURYTEX, IDEA
Out of Ban: ESCORTS, JINDALSTEL, NCC

11)Happy Trading.Today day will be very volatile.

12)Follow our telegram channel 'Optionstraders' for calls on equity and options.





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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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