Pre-market analysis

1)Nifty closed at 11132.60 down 0.27% and banknifty closed at 22882.6 up 0.44%.

2)Global markets closed with gains yesterday.

3)Today, US and Europe futures are trading flat to negative and asian markets opened flat and sgx nifty is trading at 11114.00 down 0.14%.

4) We may open gap up of around 20-30 pts or flat and follow global futures as the day progresses. We are already above 11k mark now. Today,day may belong to IT.

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


6)Nifty option pain is at 11100 and banknifty option pain is at 22600.

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.

Vodafone Idea
Tax Relief For Voda-Idea, SC Directs For Tax Refunds Of Rs 833 Cr
SC Dismisses Plea By I-T Dept Challenging Bom HC Order Directing Refund Of `833 Cr

PFIZER
US has agreed to pay Pfizer and German-partner BioNTech $1.95 billion to produce 100 million coronavirus vaccine if it proves to be safe and effective

GLENMARK PHARMA
Phase 3 clinical trial of antiviral drug FAVIPIRAVIR in mild to moderate Covid patients demonstrated significant faster time to clinical improvement
Patients given Favipiravir showed 40% faster recovery

MCLEOD RUSSEL / JAYSHREE TEA / HARRISON MALYALAM
Tea Prices jump to records as floods and covid slash output 

FUTURE RETAIL
Misses payment of interest on Singapore listed notes – Has additional 30 days to make payments

10)Results

Astec Lifesciences ~ Good Numbers 
Q1FY21-YoY
Revenue up 45% to Rs 112 cr vs 77cr
EBITDA up to Rs 28 cr vs 6.9 cr
Margins Up 1630 bps at 25.2% vs 8.9%
PAT of 16 cr vs LOSS of 1cr
GODREJ AGROVET – Owns 62% Stake In Astec

BALAJI TELEFILMS
Q4FY20 ~ YoY 
Revenues Up 21%
Gross Margins = 30% Vs 19%
EBITDA Loss @ Rs 0.8 Cr Vs Loss of Rs 32 Crores
Loss @ Rs 20 Crores Vs Rs 28 Crores (Losses Reduce)

L&T Q1 YoY, Cons
PAT Down 79.4% At 303 Cr Vs 1,473 Cr Poll 198
Revenue Down 28.3% At 21,260 Cr Vs 29,636 Cr Poll 21377
EBITDA Down 47.2% At 1,620.5 Cr Vs 3,068.3 Cr 
Margin At 7.6% Vs 10.3% Poll 9.1%
Order Inflow down to 23,574  Vs 57,785 Cr In Q4
No FY21 guidance 

Rallis India Q1, YoY
Revenue Up 6.3% At 662.7 Cr Vs 623.2 Cr
EBITDA Up 35.35 At 128.3 Cr Vs 94.8 Cr
EBITDA Margin At 19.4% Vs 15.2%
Net Profit Up 52.1% At 91.9 Cr Vs 60.4 Cr

Heidelberg Cement Q1, YoY
Revenue Down 30.8% At 407.7 Cr Vs 589.2 Cr
EBITDA Down 31.2% At 108.3 Cr Vs 157.4 Cr
EBITDA Margin At 26.6% Vs 26.7%
Net Profit Down 38.1% At 48.9 Cr Vs 79 Cr

11)F&O BAN

Adani Ent, BHEL, Escorts, Glenmark, GMR Infra, Voda Idea, JSPL, L&T Finance, M&M Finance, NALCO, SAIL, SunTV

12)Happy Trading

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

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