Pre-market analysis

1)Nifty closed at 10607.35 down 1.81% and banknifty closed at 21392.20 down 3.16%.

2)Yesterday,Global markets closed in deep green.

3)Today, US and Europe futures are trading positive and asian markets opened in green and sgx nifty is trading at 10682.5 up 0.66%.

4) We may open gap up of around 100-120 pts and follow global futures as the day progresses.
Todays day may belong to bulls,banknifty may outperform today.

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


6)Nifty option pain is at 10650 and banknifty option pain is at 21700.

7)Nifty may trade between 10500 and 10800 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today and important events.
9)Stocks in news.

BEL
Forays into airport business
AAI, BEL sign MoU for co-operation in Civil Aviation industry

Oil India
The Company has received from DoT, Ministry of Communication, Govt. of India communicating the withdrawal of Demand Notices amounting to Rs. 48,489.26 crore issued against the Company for the financial year 2007-08 to 2018- 19.

Infosys
VANGUARD AND INFOSYS ANNOUNCE STRATEGIC PARTNERSHIP
Partnership will advance digital transformation of Vanguard’s defined contribution
recordkeeping business

10)Results

WIPRO
Q1–QoQ=OPERATIONALLY GOOD
$ Rev Dn 7.3% (Exp Dn 6.5%)
CC Rev Dn 7.5% QoQ (Exp -4.5% to -8%)
So topline performance within the range – but towards the lower end – Weak 
Margins @ 19.1% v 17.6% 
Up 150 Bps (Exp = Dn 170 Bps)
Re and improvement in utilization aids margins

WIPRO

Announces Acquisition
To Buy Brazil's lVlA Servigos De Informitica For $22.4 m (Rs 170 Cr)  
New CEO Thierry Delaporte says “Profitable growth will be the most important priority on my agenda”
 But Company refrains giving guidance for next quarter

Khadim India
Q4FY20, YoY
Sales down 23.5% to 158.2 v/s 206.7 cr
EBITDA Loss of 8.4 cr v/s profit of 9.3 cr
Loss of 19.9 cr v/s profit of 1.2 cr

Delta Corp Q4, Cons, YoY
Net Loss at `28.2 Cr Vs Profit Of `42.5 Cr
Revenue Down 74.1% At `48.3 Cr Vs `186.5 Cr
EBITDA Loss At `33 Cr Vs EBITDA Of `67.7 Cr
Gaming Operation Revenue At Nil Vs `181.4 Cr 
Tax Expense At `6.1 Cr Vs Credit Of `21.7 Cr

RELIANCE INDUSTRIAL INFRASTRUCTURE
Q1FY21, YoY
Sales down 36.24% to 12.95 v/s 20.4 cr
EBITDA down 43.75% to 1.26 v/s 2.24 cr
EBITDA margins down to 9.73% v/s 11%
Profit down 2.4% to 2.05 v/s 2.1 cr

Mindtree results: Strong

Rev growth of 4% YoY in USD
Telecom & Media segment grew 35% while the Travel segment degrew by 50% YoY.
Debt-free with strong Cash flows for the quarter.
6 new client wins (292 active clients)

11)F&O BAN

New in Ban: SUNTV, CANBK, MINDTREE
Still in Ban: CENTURYTEX, ESCORTS, EQUITAS, IDEA, PNB, SAIL
Out of Ban: GLENMARK

12)Happy Trading

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

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