Pre-market analysis

1)Nifty closed at 10046.65 down 1.19% and banknifty closed at 20724.90 down 2.18%.

2)we opened gap up but as soon as global futures turned negative,we turned negative in 2nd half. US and europe closed deep red yesterday.

3)Today, US and Europe futures are trading higher and asian markets opened in green,Sgx nifty is trading to at 10085 up 0.73%

4) We may open gap up of 80-100 pts and will once again follow global futures as the day progresses.

5)Support and resistance for Nifty and Banknifty  for intraday.
7)Nifty option pain is at 10100 and banknifty is at 21000.

8)Nifty may trade between 10500 and 9800 as per oi chain and banknifty may trade between 22000 and 20000 as per oi chain,this will act as huge resistance and support.

9)Result today -

CENTURYTEX
DHANUKA
DWARKESH
GENUSPOWER
HSIL
INDHOTEL
JAMNAAUTO
JSLHISAR
LYKALABS
MGL
SHANKARA
SRTRANSFIN
TANLA
TTL
VOLTAMP

10)Stocks in news -
Bharti Airtel
Bharti International (Singapore) Pte. Ltd Buys additional 6.3% More Stake In  Robi Axiata From NTT Docomo  
Bharti International (Singapore) Pte. Ltd. currently owns 25% stake in Robi Axiata Limited, an entity in Bangladesh (“Robi”).

11)Results analysis -
Hero Moto Results 
PAT dn 15% at 620.7cr vs expected  485cr
Rev dn 21% at 6238cr vs expected 6192cr 
EBITDA dn 38.3% at 660cr vs expected 663cr 
OPM at 10.6% vs 13.6% inline
Profit better than expectation 
Margins inline
Jefferies Hero Moto
Buy TGT 2550/Sh

Bombay dyeing Q4FY20
Loss at 171cr vs profit 1261cr
Rev dn 88.7% at Rs.313cr vs 2786cr
EBITDA loss at Rs.29cr vs profit of Rs.1386cr

KRBL 
PAT up 8% at 150cr vs 139cr
Revenue dn 13% at 1041cr vs 1196cr
EBITDA dn 1% at 228cr vs 230cr
Margins 21.9% vs 19.3

12)F&O BAN
Enters Ban: JINDAL STEEL
Still in Ban: IDEA, JUSTDIAL, NCC
Out of Ban: BHEL

13)Happy trading.

14)Follow out telegram channel optionstraders for calls on options segment and equity segment.


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