Pre-market analysis

1)Nifty closed at 11202.85 down 0.86% and banknifty closed at 22076.60 down 0.17%.

2)Global markets closed in green yesterday.Also banknifty outperformed nifty after so many days,all thanks to reliance for dragging nifty 100pts down.

3)Today, US and Europe futures are trading flat to negative and asian markets opened mixed and sgx nifty is trading at 11232.00 up 0.06%.

4) We may open flat or gap up of around 20-30 pts and follow global futures as the day progresses. We are already above 11k mark now. 11k is psychological support for bulls now.
Today results of big heavy weights(Ril,hdfc) so big movement is expected in nifty.

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

6)Nifty option pain is at 11100 and banknifty option pain is at 22100.

7)Nifty may trade between 11000 and 11300 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.

Citi on Dr Reddys
Buy, TP raised to Rs 5000 from Rs 4450

CS on on Dr Reddys
OP, TP raised to Rs 4915 from Rs 4300

UBS on Interglobe
Buy, Target 1500
Well positioned to navigate COVID-19 disruption

10)Results

Bharti Airtel Q1
Net Loss At 15,933.1 Vs Poll of 500 Cr Loss             Revenue At 23,939 Vs Poll of 23,720 Cr 
EBITDA At 10,639 Vs Poll of 10,170 Cr    
Margin At 44.4% Poll Vs of 42.9%   
ARPU 157 v/s 154
The net exceptional charge of Rs 11,745.7 due to AGR dues

CEAT Q1 Cons (YoY)
Revenue Down 36% At 1,120 Cr Vs 1,752 Cr
EBITDA Down 39% At 102 Cr Vs 167 Cr
EBITDA Margin At 9.1% Vs 9.5%
Net Loss At 34.8 Cr Vs 82.6 Cr Profit

TVS Motor Q1 (YoY)
Revenue Down 68% At 1,431.7 Cr  Vs 4,468.6 Cr
EBITDA Loss At 48.8 Cr Vs EBITDA Of 355.8 Cr
Net Loss At 139.1 Cr Vs  Profit Of 142.3 Cr 

IndiGo Q1  (YoY)
Revenue Down 91.9% At 766.7 Cr Vs 9,420.1 Cr      EBITDAR Loss At 1,421.2 Cr  Vs EBITDAR Of 2,778.5 Cr 
Net Loss At 2,844.3 Cr Vs Profit Of 1,203.1 Cr        
ICRA Downgrades short term ratings by one notch from [ICRA] A1+ to [ICRA] A1.

11)F&O BAN

IDEA

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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