Pre-market analysis

1)Nifty closed at 11102.15 down 0.90% and banknifty closed at 21646.85 down 1.95%.

2)Global markets closed in red yesterday.

3)Today, US and Europe futures are trading positive and asian markets opened mixed and sgx nifty future is trading at 11127.5 up 0.24%.

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.
Today nifty move will be decided by reliance and also we can expect short covering in banks with sbin result today,big movement is expected in nifty and banknifty either side.

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 11500 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

SBI
Sun Pharma
UPL
IOC
Tata Motors

Aegis Log
Blue Dart
Capri Global
Deepak Fert
Dr Lal PathLabs
Godrej Agro
Jagran Prakashan
JSW Energy
Just Dial
Mahindra Holidays
Motilal Oswal
Solar Ind
Tata Chem
TeamLease
Thyrocare
UCO Bank
Ujjivan Small Fin Bank
Zydus Wellness


9)Stocks in news.

Future Supply Chain Solutions
CARE downgrades ratings of various bank facilities

Wipro
Wipro Selected as Strategic Partner by Metro Bank to Drive IT Transformation 
The partnership will leverage Wipro’s Digital and Quality Engineering capabilities to transform Testing and Environment Management Services for the bank

Trent
Entered into a definitive agreement to acquire 100% of the share capital of Common Wealth Developers Limited for Rs 9.6 lakhs
CWDL is a subsidiary of Trent Hypermarket Private Limited, a Joint Venture Company

Adani Power
Competition Commission of India approved the company's 49 percent stake buy in Odisha Power.

NMDC
Hikes iron ore prices by 8% to 9% from today
Hikes prices on both lumps & fines by `200/tn
Co had hiked prices for July 2020 by `200/tn

Bata India
Increases stake from 4.46% to 6.47%
LIC buys 25,82,340 sh between 2th Aug 2019 to 29th July 2020 

10)Results

RESULTS : RIL Ind Q1 QoQ
Rev dn 35.2% at 88253cr vs 1.36 lakh cr
EBITDA dn 22.5% at 16875cr vs 21872cr
Margin at 19.1% vs 16%
Adj Net Profit at 13248cr vs 10183cr  
Refining EBIT dn 49% QoQ at 2892cr vs 5706cr
O2C biz impacted due to destruction led by lockdown

Rel JIO 
ARPUs at 140rs , up 7.5% QoQ higher than est growth of 3.5%
Rev growth at 11.6% vs est of 6.5% 
EBITDA % at 44% vs 41.8%
Data traffic up 30% YoY 
Net Subscriber adds at 9.9m vs est of 7-8m 


TORRENT PHARMACEUTICALS
Q1FY21 YoY
Sales Up 1.7% to 2056 v/s 2022 cr
EBITDA Up 22.2% to 661 v/s 541 cr
EBITDA margins Up to 32.15% v/s 26.76%
Profit Up 48.6% to 321 v/s 216 cr

Tata Com
Q1FY21 QoQ
Sales flat at 4403 v/s 4398 cr
EBITDA Up 19.9% to 1041.8 v/s 868.8 cr
EBITDA Margins Up to 23.7% v/s 19.75%
Profit of 258 v/s loss of 275 c

WESTLIFE DEVELOPMENT
Q1, YoY
Revenue -75.5% at 93.7 Cr vs 381.8 Cr
EBITDA Loss at 57.7 Cr vs Gain of 32.6 Cr
Net Loss at 57.5 Cr vs PAT of 6.5 Cr

11)Happy Trading

12)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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