Pre-market analysis

1)Nifty closed at 11162.25 up 1.27% and banknifty closed at 22782.00 up 2.06%.

2)Global markets closed with gains yesterday.

3)Today, US and Europe futures are trading positive and asian markets opened in green and sgx nifty is trading at 11185.50 up 0.18%.

4) We may open gap up of around 40-50 pts and follow global futures as the day progresses. We are already above 11k mark now. Today,day may belong to pharma,we may see some profit booking in some banks.

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 11000 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.

BEML : Co wins 557 Cr 
to supply 1,512 mine plough for T-90 tanks to Defence Ministry

CSB BANK: Q1  UPDATE
Depositsup 7.5% YoY; up 3.5% QoQ
Advances up 4.9% YoY; dn 1.1% QoQ
Gold Loans up 28.3% YoY ; up 1.4% QoQ


10)Results

AXIS BANK Q1
Net Profit Down 19% At 1,112.2 Cr Vs 1,370.1 Cr (YoY) Poll 1259 cr
NII Up 20% At 6,985.3 Cr Vs 5,843.7 Cr (YoY) Poll 6775 cr
Gross NPA At 4.72% Vs 4.86% (QoQ)
Moratorium declined to 9.7% of book vs 25-28% last time

HUL Q1  YoY ~ Better the estimates
Net Profit Up 7.2% At 1,881 Cr Vs 1,755 Cr
Revenue Up 4.4% At 10,560 Cr Vs 10,114 Cr
EBITDA Down 0.1% At 2,644 Cr Vs 2,647 Cr
EBITDA Margin At 25% Vs 26.2%
Volumes contract 8% vs Expectations of 11-13% decline

Bajaj Finserv Q1 ~ Mixed
Total Income Up 15.6% to Rs 14192 cr vs Rs 12272.3 cr
Net Profit Up 43.8% to Rs 1215.2 cr vs Rs 845.3 cr
General insurance PAT Up 88.1% to Rs 395 cr
Life insurance PAT Up 109.7% to Rs 130 cr
The only drag was Bajaj finance

IndiaMART InterMESH Q1, Cons YoY ~ Good Results 
Revenue Up 3.9% to Rs 153.1 Cr Vs Rs 147.3 Cr
EBITDA Up 99.7% At Rs 73.3 Cr Vs Rs 36.7 Cr
EBITDA Margin At 47.9% Vs 24.9% 
PAT Up 128.7% to Rs 74.1 Cr Vs 32.4 Cr

Polycab India Q1, Cons, YoY
Revenue Down 50% to Rs 976.6 Cr Vs Rs 1,951 Cr
EBITDA Down 74.3% to Rs 57.5 Cr Vs Rs 223.6 Cr
EBITDA Margin 5.9% Vs 11.5% 
PAT Down 13% to Rs 117.6 Cr Vs Rs 135.2 Cr


11)F&O BAN

F&O BAN
New in Ban: ESCORTS, JINDALSTEL
Still in Ban: ADANIENT, BHEL, CENTURYTEX, GLENMARK, L&TFH, M&MFIN, NATIONALUM, SUNTV
Out of Ban: CANBK, IDEA

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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