Pre-market analysis

1)Nifty closed at 11131.80 down 0.56% and banknifty closed at 21848.75 down 3.59%.

2)Global markets closed in green on friday.

3)Today, US and Europe futures are trading positive and asian markets opened positive and sgx nifty is trading at 11175 up 0.51%.

4) We may open gap up of around 70-80 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 22000.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 21500 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.

United Spirits
Board has approved to subscribe to 1,950,000 CCPS Hip Bar Private Limited (Hip Bar), for a subscription price of Rs.1.95 crs
Accordingly, the revised shareholding of the Company (on a fully diluted basis) is expected to be 26%

IOC
IndianOil and Total (France) form JV that will manufacture and market high-quality bitumen derivatives and specialty products for the growing road-building industry in India

ITC
The Company has completed the acquisition of 100% of the equity share capital of Sunrise on 27th July, 2020 for Rs 2150 cr

10)Results

Tech Mahindra Q1, QoQ ~ Better than estimates
Net Profit UP 20.9% At  972.3 Cr Vs 803.9 Cr
Revenue Down 4% At 9,106.3 Cr  Vs 9,490 Cr
EBIT Down 3.4% At 917.3 Cr  Vs 949.6 Cr
EBIT Margin At 10.1% Vs 10%
$ Revenue Down 6.7% At  $1,207.5 m Vs $1,294.6 m

Bharti Infratel Q1 ~ QoQ, Below expectation other than margins
Net Profit Up 8.3% At 703.6 Cr Vs 649.5 Cr
Revenue Down 3.3% At 3,504.7 Cr  Vs 3,624.4 Cr
EBITDA Up 5% At `1,807 Cr  Vs `1,721.4 Cr
EBITDA Margin At 51.6% Vs 47.5%

United Spirits Q1, (YoY) ~ Below expectations 
Net Loss At 215.3 Cr Vs  Profit Of 197.4 Cr
Revenue Down 53.6% At 1,030.2 Cr  Vs 2,218.4 Cr
EBITDA Loss At 77.6 Cr Vs Profit of 395.1 Cr

Pfizer Q1 (YoY)
Revenue Down 5.4% At 514.9 Cr Vs 544.4 Cr
EBITDA Up 12% At 186.1 Cr Vs 166.1 Cr
EBITDA Margin At 36.1% Vs 30.5%
Net Profit Up 10.3% At `124.5 Cr Vs `112.8 Cr

BEL
Q1FY21, YoY
Sales down 21.1% to 1675.6 v/s 2124.5 cr
EBITDA down 58.9% to 146.1 v/s 355.1 cr
EBITDA margins down to 8.7% v/s 16.7%
Profit down 74.5% to 53.8 v/s 210.7 cr
Order book as on 1st July 2020 at  53752cr

11)F&O BAN

Enters Ban: CANBK, INDUSINDBK
Stocks in Ban: ADANIENT, BHEL, GMRINFRA, IBULHSGFIN, IDEA, RBLBANK, SAIL
Exits Ban: GLENMARK, NATIONALUM, SUNTV

12)Happy Trading

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

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