Pre-market analysis

1)Nifty closed at 10901.70 up 1.51% and banknifty closed at 21966.80 up 1.71%.

2)Global markets closed flat on friday.

3)Today, US and Europe futures are trading negative and asian markets opened flat to positive and sgx nifty is trading at 10913 down 0.13%.

4) We may open flat or gap up of around 30-40 pts and follow global futures as the day progresses.
Today,banknifty will be in focus as hdfcbank results are out on saturday. This week we have most of heavy weights results,this week will be key for bulls as we are very near to 11k mark.

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

6)Nifty option pain is at 10800 and banknifty option pain is at 21800.

7)Nifty may trade between 10700 and 11200 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.

Vodafone Idea
Pays Additional Rs 1,000 Cr Gross Revenue Due To DoT
Vodafone Idea Had Earlier Deposited Rs 6,854 Cr In 3 Tranches
Co Has Paid An Aggregate Amount Of Rs 7,854 Cr Towards AGR Dues

GLENMARK IN FOCUS
DCGI pulls up Glenmark for false claims, overpricing of covid-19 drug FabiFlu

BHARTI AIRTEL / VODAFONE / INDUSIND BANK / IDFC FIRST BANK IN FOCUS
AGR Hearing In Supreme Court Today

Cadila Health
Receives final approval from USFDA for Butalbital, Acetaminophen and Caffeine Tablets 
The drug will be manufactured at Nesher Pharma’s manufacturing facility in, USA.
Market size of the drug $42mn

Dhanuka Agritech
Board meeting on 22nd July to consider Buyback

FINEOTEX’ CHEMICALS
Board meeting on 27th July to consider buyback
 
UCO BANK
Board to consider Equity Capital raising plan for the financial year 2020-21 on or after 23rd July, 2020.

CANARA BANK
To raise up to Rs 5,000 Crore equity capital through various modes in the current fiscal year to boost its capital adequacy ratio 

INDIGO / SPICEJET
June Air Traffic down 83.5% At 19.84 Lakh Passengers YoY

June Capacity Utilization
IndiGo at 60.7% 
SpiceJet at 68%

June Market Share
IndiGo at 52.8%
SpiceJet at 16.8%

10)Results

HDFC Bank Q1  
Net Profit At 6,658.62 Cr Vs  Poll Of 6,382.8 Cr
NII At 15,665.4 Cr Vs  Poll Of 15,527.8 Cr
Gross NPA At 1.36% Vs 1.26% (QoQ)
Moratorium is at 9% of loans vs 5% of loans earlier
Net Interest Margin At 4.3%

ICICI Lombard Q1 ~ In Line ~ YoY
Net Profit Up 28.5% At 398.1 Cr  Vs 309.8 Cr
Gross Premium Down 4.7% At `3,394.2 Cr Vs `3,560.7 Cr
Management Says
After a blip in Q1 industry should register growth in the coming quarters

M&M FINANCIAL  Q1
NII Up 8.7% at Rs 1375.9 cr vs Rs 1265.8 cr
Net profit Up 127.8% at Rs 155.8 cr vs Rs 68.4 cr
GNPA ratio Up to 9.19% vs 8.44% QOQ 
Board Approves 1:1 Rights Issue
Rights Issue Price Fixed At `50/Sh
Bank intends to raise Rs 3089 cr via right issue

Hathway Cable
Q1FY21, YoY
Sales down 6.7% to 419.6 v/s 449.8 cr
EBITDA Up 27% to 118.2 v/s 93.1 cr
EBITDA margins Up to 28.2% v/s 20.7%
Profit of 66 cr v/s loss of 9.4 cr

11)F&O BAN
Enters Ban: BHEL, GLENMARK, NATIONALUM
Still in Ban: CANBK, CENTURYTEX, IDEA, L&TFH, PNB, SUNTV

12)Happy Trading

13)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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