Pre-market analysis

1)Nifty closed at 10142.15 up 2.71% and banknifty closed at 21034.50 up 0.31%.

2)US market rallied, closed higher (deep green) due to positive unexpected jobs data of US.

3)Today, US and Europe futures are trading with small gain and asian markets opened in green,Sgx nifty is trading to at 10260 up 0.95%

4) We may open gap up of 120-140 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 10050 and banknifty option pain is at 20800.

7)Nifty may trade between 9800 and 10500 for this week and banknifty may trade between 20500 and 21500 range for this week.

8)Results today.
9) Stocks in news.

Relaince - JioPlatforms gets another marquee investor 

ADIA to pick up 1.16% stake for 5683.5cr 

ADIA : Abu Dhabi Investment Authority is sovereign wealth fund owned by the Emirate of Abu Dhabi founded for the purpose of investing funds on behalf of the Govt  of Abu Dhabi.

IndusInd Bank - Promoters plan to acquire additional shares of the bank from the open market, the lender informed the stock exchanges on June 7.

10) Result updates.

DIVIS Lab
Q4FY20, YoY
Sales Up 9.7% to 1389.7 v/s 1267.1 c
EBITDA Up 6.75% to 444.5 v/s 416.4 cr
EBITDA margins at 32% v/s 32.9%
Profit Up 33% to 388.2 v/s 292 cr

EXIDE
Q4FY20, YoY
Sales down 18.3% to 3474.7cr v/s 4251.5 cr  
EBITDA down 29.1% to 360 v/s 507.5 cr
EBITDA margins down to 10.4% v/s 11.9% 
Profit down 22.2% to 235.6 v/s 302.9 cr

L&T
Q4FY20, YoY
Sales Up 2.2% to 44245.3 v/s 43303.4 cr
EBITDA down 3% to 5121 v/s 5279 cr
EBITDA margins down to 11.6% v/s 12.2%
Profit down 6% to 3562.5 v/s 3788.9 cr
Order inflow Up 5% at Rs 57,785 crore

Vedanta
Q4FY20, YoY
Sales down 16% to 19513 v/s 23092 cr
EBITDA down 23% to 4844 v/s 6330 cr
EBITDA margins down to 28% v/s 31%
Loss of 12083 cr v/s profit of 3218 cr
Exceptional loss of rs 17132 cr ~ primarily due to impairment of assets.

11) Just follow the trend dont go againt it.

12) Happy trading.

13) For more updates and calls,follow optionstraders on telegram.










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