Pre-market analysis

1)Nifty closed at 10763.65 up 1.47% and banknifty closed at 22198.95 up 1.95%.

2)Yesterday,Global markets closed in deep green.

3)Today, US and Europe futures are trading negative and asian markets opened in red and sgx nifty is trading at 10732 down 0.32%

4) We may open gap down of around 40-50 pts and follow global futures as the day progresses.

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

6)Nifty option pain is at 10700 and banknifty option pain is at 22000.

7)Nifty may trade between 10400 and 11000 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results and important events today.

9)Stocks in news.

PVR 
Rights issue details 
Co To Allot 7 Rights Shares For Every 94 Shares Held
Issue opens July 17-31
Rights Shr Issue Price Set At 784/Sh, a 25% discount
-co is raising Rs 800 Cr via rights

Shriram transport
Board approves 1500cr rights issue 
Price 570/sh (18% discount ) 
Entitlement ratio 3 shares for 26 held on record date July 10th 
Promoters will fully subscribe to their rights entitlement

Hotel stocks in Focus-Indian Hotel/Taj GVK/ Kamat Hotels / EIH / Royal Orchid
As Maharashtra Govt allows hotels to start operations at 33% capacity

Infosys 
GoldmanSachs adds Infy to conviction list 
Maintains BUY 
Tgt 895 vs 756 
- co to benefit from info systems digitisation 
- work is moving offshore 
- co had strong vendors like AWS , a Microsoft Azure 

Bajaj Finance 
New Loans At 17 Lakh Vs 73 Lakhs, Down 76.7% YoY
Customer Base At 4.3 Cr Vs 3.69 Cr, Up 16.5% YoY 
AUM At `1.38 Lk Cr Vs 1.29 Lk Cr, Up 7.1% YoY 
Deposits At 20,000 Cr Vs 15,084 Cr, Up 32.6% YoY 
Moratorium Book Is At 15.5% vs 27% on Apr End

BHARTI AIRTEL
Launches ‘Priority 4G Network’ For Its Platinum Mobile Customers
All Platinum Customers Will Get Faster 4G Speeds

Godrej Cons
Q1 Update
Led by household insecticides, co expects a mid-single digit volume driven sales growth in the quarter
See Apr-Jun Cons Sales Tad Down YoY In Rupee Terms
India Sales To Grow In Mid Single Digits Apr-Jun
Apr-Jun Latin America Sales Seen Steady

Greaves Cotton 
Greaves cotton owned electric two wheeler Ampere Vehicles Signs Agreements To Acquire 74% stake in Bestway Agencies for 7 crs
Bestway Agencies builds and sells e-rickshaws under the brand ELE

IRCTC / RITES / IRCON
Railways Issues Project Information Memorandum On Private Trains  
Shall Have Freedom To Decide Train Fares 
Shall Use Govt Passenger Reservation System As Booking Platform 
Allowed To Procure Trains, Locomotives From Source Of Choice

BAJAJ AUTO
Strict lockdown in Aurangabad From July 10-18 due to COVID
Company says All Employees Will Have To Undergo 50% Cut In Wages
Bajaj Auto Will Recover Production Loss Worst Case By Early August
Q2 Will Be Unaffected For Bajaj Auto Despite Lockdown

10)F&O BAN
Enters Ban: BHEL
Still in Ban: GLENMARK, IBULHSGFIN, IDEA, SAIL

11)Happy Trading

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

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