Pre-market analysis

1)Nifty closed at 11322.50 up 0.46% and banknifty closed at 22227.20 up 1.49%.

2)Global markets closed in negative yesterday.

3)Today, US and Europe futures are trading in green and asian markets opened mixed and sgx nifty future is trading at 11230.00 down 0.97%.

4) We may open gap down of around 100-120  pts and follow global futures as the day progresses,good support now stands at 11k mark with resistance at 11500.

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



6)Nifty option pain is at 11300 and banknifty option pain is at 22000.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 21000 and 22500 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

9)Stocks in news.

Vadilal Ind / Vadilal Ent
CARE Downgrades rating of bank facilities with negative outlook

HAL / BHEL in Focus
Defence Acquisition Council Approves Rs 87,700 Cr spend
Purchase of 106 Basic Trainer Aircraft from HAL

DR REDDYS
Gets US FDA Nod For Generic Of Cancer Drug, Faslodex

10)Results

Oracle Finance
Q1FY21, QoQ
Sales Up 5.8% to Rs 1337.3 cr v/s Rs 1263.5 cr
EBITDA up 22.1% to Rs 690 v/s Rs 565.2 cr
EBITDA margins Up to 51.6% v/s 44.7%
Profit Up 78.2% to Rs 479.7 v/s Rs 269.2 cr

Adani Ports Q1, YoY
Net Profit Down 26.2% at 757.8 Cr Vs 1,028.7 Cr Poll 633
Revenue Down 19% at 2,292.7 Cr Vs 2,794.5 Cr  Poll 2095
EBITDA Down 24.5% at 1,394.2 Cr Vs 1,846.4 Cr  Poll 1277
EBITDA Margin At 60.8% Vs 66.1% Poll 61%

11)F&O BAN
New in Ban: BATAINDIA, GLENMARK, IBULHSGFIN, SAIL
Still in Ban: CANBK, CENTURYTEX, IDEA, MUTHOOTFIN, VEDL

12)Happy Trading

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

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