Pre-market analysis

1)Nifty closed at 10618.20 up 0.10% and banknifty closed at 21340.75 down 0.24%.

2)Yesterday,Global markets closed in deep green.

3)Today, US and Europe futures are trading negative and asian markets opened in red and sgx nifty is trading at 10630.50 down 0.18%.

4) We may open gap down of around 20-30 pts or flat and follow global futures as the day progresses.
Yesterday bulls missed the chance of taking nifty higher due to reliance falling almost 5-6% from highs. Day being expiry will be very volatile. 10500 will act as good support and 10800 will act as resistance.

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


6)Nifty option pain is at 10700 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.

SUGAR STOCKS
Sugar MSP hiked by Rs 2/Kg to Rs 33 /kg from Rs.31/kg
MSP increase comes in affect October 1

Indiabulls Real Estate
have received the proposal from Embassy detailing their various assets for the merger of Embassy, as a Transferor Company, with the Company
Embassy Group Proposes 11 Projects Worth 61.9 m sqft To Merge Into Co

SBI
Board Approves Raising Up To Rs 25,000 Cr Via Bonds In FY21

Infosys  
Strong results. ADR up 12%. Most brokerages raise targets. Speak about narrowing valuation gap to TCS.

Cochin Shipyard 
Signs contract with Norway company for building vessels.

Adani Ent - Adani’s Carmichael Mine on Track for 1st Coal Export in 2021

10)Results

Infosys Q1 QoQ
$ Revenue At $3,121 m Vs  Poll Of $3,038 m
PAT At 4,233 Cr Vs Poll Of 3,950 Cr
Revenue At 23,665 Cr Vs Poll Of 23,000 Cr
EBIT At 5,365 Cr Vs Poll Of 4,773 Cr
EBIT Margin At 22.7% Vs  Poll Of 20.75%
Guidance 0-2% CC growth 
margin 21-23%

L&T Infotech Q1 QoQ, Cons
Net Profit Down 2.6% At `416.4 Cr Vs `427.5 Cr  Poll 385.5
Revenue Down 2.1% At `2,949.2 Cr Vs 3,011.9 Cr Poll 2940
EBIT Up 2.1% At `513.9 Cr Vs `503.3 Cr  Poll 494
EBIT Margin At 20.1% Vs 19.2%  Poll 16.8%

GTPL Hathway  ~ Good
Q1F21, YoY
Sales up 10.8% to 495.5 v/s 447.2 cr
EBITDA up 14.5% to 122.2 v/s 106.7 cr
EBITDA margins Up to 24.7% v/s 23.9%
Profit Up 40% to 46.5 v/s 33.2 cr

11)F&O BAN

New in Ban: L&TFH
Still in Ban: CANBK, CENTURYTEX, EQUITAS, ESCORTS, IDEA, MINDTREE, PNB, SAIL, SUNTV

12)Happy Trading

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

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