Pre-market analysis

1)Nifty closed at 11215.45 up 0.74% and banknifty closed at 23083.90 up 0.88%.

2)Global markets closed in red yesterday.

3)Today, US and Europe futures are trading flat to negative and asian markets opened negative and sgx nifty is trading at 11159.50 down 0.61%.

4) We may open gap down of around 80-90 pts and follow global futures as the day progresses. We are already above 11k mark now. 11k is psychological support for bulls.

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 11500 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.

LUPIN
Lupin Gets Tentative Nod From US FDA For Empagliflozin & Linagliptin Tablets
Empagliflozin, Linagliptin Tablets is Used To Improve Glycemic Control In Adults W/Type 2 Diabetes

SUN PHARMA
Says Arm Taro Achieves Global Resolution Of DoJ Antitrust Investigations

WIPRO
Makes acquisition of 68 Million Euros
To acquire 4C – one of the largest independent Salesforce Partner in UK, Europe, Middle East

REAL ESTATE COS
FM Holds Review Meet On Spl Window For Stressed Residential Projs To Boost Realty Invst    Govt  - Rs 8767 Cr Approved For 81 Projects; Enable Completion Of Almost 60,000 Homes  

Can Fin homes: 
Board approves raising up to 1,000 cr via equity &up to 4,000 cr via debt instruments

PNC INFRA
Bags 1500cr order from NHAI

10)Results

ABB India Q1 ~ Weak Numbers, YoY
Revenue Down 42.9% At 985.8 Cr Vs 1,725.7 cr
EBITDA Down 81.1% At 23.4 Cr Vs 123.8 Cr
EBITDA Margin At 2.4% Vs 7.2%
Net Profit Down 76.6% At 16.3 Cr Vs 69.7 Cr
Orders for the quarter down 40% to 1200 cr v/s 1989 cr

AU Small Fin Q1 
Net Profit Down 76.6% At 16.3 Cr Vs 69.7 Cr
Net Profit Up 5.5% At 200.8 Cr Vs 190.3 Cr (YoY)
NII Up 30.4% At 515.8 Cr Vs 395.6 Cr (YoY)
Gross NPA At 1.69% Vs 1.68% (QoQ) 
Moratorium at 11% of book under phase II v/s 16-17% of book in phase I

Mphasis Q1 QoQ ~ Weak
Revenue Down 2.5% At 2,288 Cr Vs 2,346.1 Cr
EBIT Down 6.5% At 358.3 Cr Vs 383.1 Cr
EBIT Margin At 15.7% Vs 16.3%
Net Profit Down 22.1% At 275.1 Cr Vs 353.2 Cr

11)F&O BAN

F&O BAN
ADANIENT, BHEL, GLENMARK, GMRINFRA, IDEA, JINDALSTEL, L&TFH, M&MFIN, NATIONALUM, SAIL, 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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