Pre-market analysis

1)Nifty closed at 11194.15 down 0.19% and banknifty closed at 22662.05 down 1.83%.

2)Global markets closed in red on friday.

3)Today, US and Europe futures are trading positive and asian markets opened positive and sgx nifty is trading at 11200 up 0.21%.

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. 11k is psychological support for bulls now.

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


6)Nifty option pain is at 11100 and banknifty option pain is at 22500.

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.

CSB Bank 
RBI allows SBI Funds to take up to 10% stake in bank

Biocon/ Dr Reddy / Natco / Sun Pharma / Cipla / Lupin - Negative 
U.S. President on Friday signed four executive orders aimed at lowering prices Americans pay for prescription drugs, as he faces an uphill re-election battle & criticism over his handling of covid-19

LUPIN / GRANULES
Lupin, Granules India recall 971,000 diabetes drug bottles from US market

INDIGO
InterGlobe Aviation: Board Meeting July 30 To Consider Raising Funds Via Equity, Debt

TATA STEEL: UK Govt may inject nearly £900 Million and pick up an Equity Stake in Tata Steel UK

ESCORTS : Rakesh Jhunjhunwala sells 2 lakh shares in open market on 22nd July

MGL: Mahanagar Gas increases CNG prices by Re 1 to Rs 48.95/kg

Cipla
Gets DCGI Approval To Launch Favipiravir In India For COVID-19
Gets Nod For Launch Of Favipiravir In India Under The Brand Name Ciplenza

INFOSYS
Infosys co-founder Shibulal’s family sells 0.2% stake; 8.5 million shares earns near Rs 800 Crore
Says: Proceeds from the sales will be utilised towards philanthropic and investment activities


10)Results

ICICI Bank Q1
Net Profit Up 36.2% At `2,599.1 Cr Vs `1,908 Cr (YoY)
NII Up 19.9% At `9,279.7 Cr  Vs `7,737.5 Cr (YoY)
Gross NPA At 5.46%  Vs 5.53% (QoQ) 
NIM 3.69% Vs 3.87% (QoQ)
Moratorium at 17.5% vs 30% earlier (to increase by 2% as per mgt on concall)

ITC Q1 (YoY) 
Net Profit Down 26.2% At `2,342.8 Cr Vs `3,173.9 Cr 
Revenue Down 17.4% At `9,501.7 Cr Vs `11,502.8 Cr
EBITDA Down 42% At `2,646.7 Cr Vs `4,565.9 Cr
EBITDA Margin At 27.9% Vs 39.7%
Cigarette Volumes dip b/w 35-40% vs Est. 40-45% cut

JSW Steel Q1 YoY ~ Better than estimates, but loss
Revenue down 40.5% At `11,782 Cr Vs `19,812 Cr
EBITDA Down 63.9% At `1,341 Cr Vs `3,716 Cr
EBITDA Margin At 11.4% Vs 18.7%
Net Loss At `582 Cr Vs `1,008 Cr Profit
Board approves Rs 10000 cr fund raising through NCD’s

Ambuja Cements Q2  (YoY)~ Good
Revenue Down 27% At `2,176.8 Cr Vs `2,983.6 Cr
EBITDA Down 14.8% At `595.2 Cr Vs 698.5 Cr
EBITDA Margin At 27.3% Vs 23.4%
Net Profit Up 10% At `453.4 Cr Vs `412.1 Cr

CHENNAI PETROLEUM ~ Good
Q1FY21, YoY
Sales down 56.8% to 5490.9 v/s 12723.9 cr
EBITDA of 620.6 cr v/s loss of 120.5 cr
Profit of 269.9 cr v/s loss of 229.3 cr

Coromandel International~ Good
Q1FY21, YoY
Sales Up 50.8% to 3213 v/s 2130.7 cr
EBITDA Up 111.2% to 412.5 v/s 195.3 cr
EBITDA margins Up to 12.8% v/s 9.2%
Profit Up 4X to 250.6 v/s 62.4 cr

11)F&O BAN

ADANIENT
BHEL
GLENMARK
GMRINFRA
IBULHSGFIN
IDEA
NATIONALUM
RBLBANK
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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