Pre-market analysis

1)Nifty closed at 11022.20 up 1.11% and banknifty closed at 22321.85 up 1.62%.

2)Global markets closed mixed yesterday.

3)Today, US and Europe futures are trading flat to positive and asian markets opened in green and sgx nifty is trading at 11114 up 0.84%.

4) We may open gap up of around 100-120 pts and follow global futures as the day progresses. We are already above 11k mark now. This week still will be key as most of heavy results are dhe this week.

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

6)Nifty option pain is at 10900 and banknifty option pain is at 22000.

7)Nifty may trade between 10800 and 11200 and banknifty may trade between 22000 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.

MAJESCO
To sell its US Business to PE Firm for $ 594 Million – at a 72% premium
Majesco to get Rs 3150 cr cash vs market cap of Rs 1098 cr 

NHPC
In Pact With Odisha Green Energy Body To Develop Solar Projects

INTERGLOBE AVIATION
Indigo lays off 10% of its workforce due to Covid

ASTRAZENECA PHARMA 
University of Oxford – Astrazeneca leads the race to develop vaccine
Study shows is safe and triggers an immune response

Jubilant Lifesciences

Receives approval from DCGI for mfg & mktg the investigational antiviral drug remdesivir
Jubilant’s remdesivir product will be marketed under the brand name ‘JUBI-R’ in India

RAILWAYS STOCKS
Pvt Train Project 1st Pre Bid Conf today
15 Co's to participate in pre Bid -Srcs
IRCTC, Siemens, ADANI Port &Sez 
Bombardier, RK associates likely to participate 
Project size 30'000cr.

10)Results

ACC Q2 ~ Cons, YoY
Numbers Better than estimates
Net Profit Down 40.5% At Rs 270.9 Cr Vs Rs 455.7 Cr
Revenue Down 37.3% At Rs 2,602.2 Cr Vs Rs 4,149.8 Cr
EBITDA Down 32.9% At Rs 525.4 Cr Vs Rs 783 Cr
EBITDA Margin At 20.2% Vs 18.9%

Den Networks
Q1FY21, YoY
Sales down 3.75% to Rs 301.3 v/s Rs 313.1 cr
EBITDA Up 55.1% to Rs 63.9 v/s Rs 41.2 cr
EBITDA margins Up to 21.2% v/s 13.1%
Profit Up 308% to Rs 58.3 v/s Rs 14.3 cr

Bombay dyeing 
Q1FY20 YOY 
Sales down 86% to Rs 91.2 cr v/s Rs 648.6 cr
EBITDA loss of 22.3 cr v/s Profit of Rs 133.6 cr
Loss of Rs 129.25 cr v/s Profit of Rs 27.65 cr

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

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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