Pre-market analysis

1)Nifty closed at 11300.45 down 0.07% and banknifty closed at 22196.35 up 0.30%.

2)Global markets closed mixed yesterday.

3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11320.00 down 0.13%.

4) We may open flat or gap up of around 30-40 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 22200.

7)Nifty may trade between 11200 and 11500 and banknifty may trade between 22000 and 22500 for this week.this are very strong support and resistances as per oi chain.

8)Results today 



9)Stocks in news.

AUROBINDO PHARMA
Gets US FDA Nod For Muscle Spasms Drug Methocarbamol

L&T/ NCC/ DILIP BUILDCON / ASHOKA BUILDCON IN FOCUS
NHAI Forms SPV For Financing, Construction & Operation Of  Delhi-Mumbai ‘Greenfield’ Expressway
Expressway Expected To Be Complete By March 2024

Bank of India
Board approves Raising of Rs 8000 cr by way of Preferential Issue and/ or by way of Qualified Institutional Placement (QIP) issue/ Further Public Offer (FPO)/ right !sue etc.

JSPL
JSPL becomes first company to supply Head Hardened rails to Metro Rail projects in India
Supplies specially treated indigenous 1080 grade Head Hardened (HH) rails to RVNL for Kolkata's Joka-Esplanade Metro corridor

10)Results

Eicher Motors Q1. Cons, YoY
Net Loss at 55.2 Cr Vs Profit Of 451.8 Cr Poll 290 cr
Revenue Down 65.6% at 818.2 Cr Vs 2,381.9 Cr Poll 785 cr
EBITDA Down 99.4% at 3.8 Cr Vs 614.5 Cr Poll 28 cr
EBITDA Margin At 0.5% Vs 25.8%  Poll 3.6%

BPCL Q1, QOQ
Net Profit at 2,076 Cr Vs Loss of 1,361 Cr  Poll 2170
Revenue Down 43.8% at 38,785.1 Cr Vs 68,991.4 Cr Poll 38339
EBITDA at 3,915.7 Cr Vs Loss of 618.8 Cr  Poll 3971
Other Income at 593.31 Cr Vs 1,156.76 Cr 
Average GRM At $0.39/bbl Vs $2.81/bbl (YoY)

SHRIRAM TRANSPORT- Q1FY21
NII at Rs 1820.4 cr vs Rs 1961.7 cr, down 7.2% (Poll at Rs 1909.5 cr)
Net profit at Rs 320.1 cr vs Rs 634.3 cr, down 49.5% (Poll at Rs 481.2 cr)
Provisions at Rs 1064.6 cr vs Rs 561.2 cr YOY & vs Rs 1128.7 cr QOQ
GNPA at 7.98% vs 8.36%

Engineers India Q1, YoY
Net Profit Down 62.2% at 47.6 Cr Vs 125.7 Cr 
Revenue Down 36.1% at 474.5 Cr Vs 742.7 Cr
EBITDA at 22.5 Cr Vs EBITDA Loss of 917.3 Cr

Hero Moto Q1, Cons, YoY
Net Profit At 61.3 Cr Vs 1,257.3 Cr  Poll 66 cr 
Revenue Down 63% at 2,971.5 Cr Vs 8,030.3 Cr Poll 2855 cr
EBITDA Down 90.7% at 108 Cr Vs 1,158.1 Cr  Poll 100 cr
EBITDA Margin At 3.6% Vs 14.4%  Poll 2.4%

Tata Steel Q1, Cons, YoY
Loss at 4,373.6 Cr Vs Profit Of 699.7 Cr  Poll 2174 cr loss
Revenue Down 32.4% at 24,288.5 Cr Vs 35,947.1 Cr  Poll 24459 cr
EBITDA Down 90.6% at 505.5 Cr Vs 5,376.9 Cr  Poll 1427 cr
EBITDA Margin At 2.1% Vs 15% Poll 5.8%
Europe EBITDA/tn loss at 43$/tn

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

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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