Pre-market analysis

1)Nifty closed at 11300.55 up 1.52% and banknifty closed at 22105.20 up 1.17%.

2)Global markets closed in red yesterday.

3)Today, US and Europe futures are trading flat to negative and asian markets opened mixed and sgx nifty is trading at 11321.50 up 0.33%.

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 11150 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.

VEDANTA
Moody's confirms Vedanta's ratings; outlook negative

INDIGO / SPICEJET
The International Air Transport Association (IATA) said on Tuesday that air traffic is not likely to return to pre-coronavirus pandemic levels before 2024.

Future Retail
CARE downgrades ratings of various bank facilities due to Weakening of business and financial risk profile on account of extended lockdown due to COVID19.

TCS
“TCS and Zinier Launch Field Service Automation Solution to Protect Essential Workers and Ensure Business Continuity

DEFENCE STOCKS IN FOCUS TODAY 

MoD issued an amended draft Defence Acquisition Procedure (DAP)
Amended DAP has since been finalized by the review committee driven by tenets of defence reforms announced as part of the 'Atmanirbhar Abhiyan' has been placed in the public domain.

10)Results

Nestle India Q2 (YoY) ~ Missed Estimates
Net Profit Up 11.1% At `486.6 Cr Vs `437.8 Cr 
Revenue Up 1.7% At `3,050.5 Cr Vs `3,000.8 Cr
EBITDA Up 4.9% At `747.6 Cr  Vs `712.6 Cr
EBITDA Margin At 24.5% Vs 23.7%

IndusInd Bank Q1
Gross NPA At 2.53% Vs 2.45% (QoQ)
NIM 4.28% v/s 4.25 %
Net Profit Down 67.8% At  `460.6 Cr Vs `1,432.5 Cr (YoY)
NII Up 16.4% At `3,309.2 Cr  Vs `2,844 Cr (YoY)
moratorium 16% of the loan book
Board Approves Fund Raising Worth `3,288 Cr

Yes Bank Q1
Net Profit Down 60.1% At  45.4 Cr Vs 113.8 Cr (YoY)          
NII Down 16.3% At `1,908.2 Cr Vs `2,280.6 Cr (YoY)
Gross NPA At 17.30% Vs 16.80% (QoQ)
Total COVID-19 Provision At 880 Cr As On June 30

RBL Bank Q1
Net Profit Down 47.1% At `141.2 Cr  Vs `267.1 Cr (YoY)         
NII Up 27.4% At `1,041.3 Cr  Vs `817.5 Cr (YoY)
Gross NPA At 3.45% Vs 3.62% (QoQ) 
moratorium 13.7% v/s 33%

Hexaware Q2 QoQ
Net Profit Down 13% At 152.4 Cr  Vs 174.9 Cr
Revenue Up 1.8% At 1,569.1 Cr  Vs 1,541.7 Cr
EBIT Up 14.2% At 207.6 Cr Vs 181.8 Cr
EBIT Margin At 13.2% Vs 11.8%  
$ Revenue Down 1.2% At $208 m Vs $210.6 m

SANOFI INDIA
Q1FY21, YoY
Sales down 5% to 710.5 v/s 747.9 cr
EBITDA Up 12.3% to 177.2 v/s 157.8 cr
EBITDA margins Up to 24.94% v/s 21.1%
Profit Up 39.9% to 136.3 v/s 97.4 cr

11)F&O BAN

CANBK
IBULHSGFIN
IDEA
INDUSINDBK

12)Happy Trading

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

Comments

Post a Comment

Popular posts from this blog

Trading Strategies Series Part 6

Image
Combo Supertrend along with RSI Today we will be discussing how Combo SuperTrend along with RSI can help us trade accurate intraday trades with more efficiency. Supertrend Indicator - As the name suggests, ‘Supertrend’ is a trend-following indicator -  The indicator is easy to use and gives an accurate reading about an ongoing trend. - A ‘Supertrend’ also acts as a strong support or resistance and it also provides a trailing stop loss for the existing trade. In a ‘buy’ signal, any dip towards the indicator can also be used as a buying opportunity and vice versa - Works well in a trending market RSI  - The relative strength index (RSI) is a momentum indicator - Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock Indicator Settings We will need three supertrend along with RSI 1. Supertrend(9,2) 2. Supertrend(10,3) 3. Supertrend(14,3) 4. RSI default 14 or 7 Candle Time Frame : 5 Min Long Entry Strategy -  RSI a...
Read more

Pre-market analysis

Image
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 ...
Read more

Pre-market analysis

Image
1)Nifty closed at 13355.75  up 0.73% and banknifty closed at 30211.55 up 0.53% 2)Global market closed positive yesterday. 3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 13414 up 0.24% 4) We may open flat or gap down of around 50-80 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13250 and banknifty option pain is at 30000. 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- CANARA BANK 2- RIL / BHARTI AIRTEL / TELCO EQUIPMENT  3- GOA CARBON 4- JET AIRWAYS 5- TITAN 6- TATA MOTORS / TATA MOTORS DVR 7- TATA POWER 8- LAURUS LAB / ALKEM / AUROBINDO 9- HOEC 10- TRENT 10)Follow our telegram channel 'Optionstraders' for ...
Read more