Pre-market analysis

1)Nifty closed at 11178.40 down 1.08% and banknifty closed at 21679.40 down 2.33%.

2)Global markets closed mixed on friday.

3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11278.50 up 0.90%.

4) We may open gap up 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 11200 and banknifty option pain is at 21900.

7)Nifty may trade between 11000 and 11300 and banknifty may trade between 21500 and 22500 for this week.this are very strong support and resistances as per oi chain.

8)Results today
Petronet
Hindmotors
Hleglas

9)Stocks in news.

ICICI Bank
ICICI Bank Raises `15,000 Cr Via QIP Via Issuance Of 41.8 Cr Shrs At `358/Share

PNC INFRA
Received letter of intent for Gwalior Bypass Project Ltd

Lupin
Company announced results from its Phase 3 clinical trial to assess the efficacy and safety of single-dose Solosec in female patients with trichomoniasis.

BEL
Completes manufacturing milestone of 30,000 ventilators
 
IDFC
Clarifies ~ there has been no discussion regarding reverse merger with IDFC Limited at the Board of the Bank or at any level.

NLC India
Issues Commercial Papers Worth `1,000 Cr To SBI MF

Sterlite Tech/ITI/TejasNetwork/Dlink/ Finolex cable etc
In his Independence Day speech on India , PM Modi said that in the next 1000 days, every village in India will get optical fiber internet. More than 6 Lakh villages to be connected via Optical fibre.

10)Results

Glenmark Q1, Cons, YoY
Net Profit at 254 Cr Vs 109.8 Cr Poll 125
Revenue Up 0.9% at 2,344.8 Cr Vs 2,323 Cr Poll 2380
EBITDA Up 39.7% at 477.9 Cr Vs 342 Cr  Poll 350
EBITDA Margin At 20.4% Vs 14.7%  Poll 14.7%

UBL Q1, Cons YoY
Net Loss at 114.3 Cr Vs Profit 164.7 Cr  Poll Loss 162
Revenue Down 75.3% at 506.8 Cr Vs 2,049.7 Cr  Poll 658 
EBITDA Loss At 96.5 Cr Vs EBITDA Of 329.3 Cr  Poll 87 cr loss

Berger Paints Q1, Cons , YoY
Net Profit Down 91.4% at 15.1 Cr Vs 176.4 Cr 
Revenue Down 45.8% at 930.8 Cr Vs 1,716.5 Cr 
EBITDA Down 69.8% at 92.2 Cr Vs 305.1 Cr 
EBITDA Margin At 9.9% Vs 17.8%

NEW INDIA ASSURANCE
Gross Premium up 6.4% (YoY), up 2.7% (QoQ)
Net Earned Premium up 11.3% (YoY), down 1.7% (QoQ)
Underwriting loss narrows to 403 cr Vs loss of 1,097 cr (YoY)
Operating profit of 196 cr Vs loss of 111 cr (YoY)
Profit After Tax up 8.3% (YoY)

Sun TV Q1, YoY
Net Profit Down 25.9% at 282.8 Cr Vs 381.8 Cr 
Revenue Down 43.9% at 606.1 Cr Vs 1,080.4 Cr 
EBITDA Down 39% at 416.6 Cr Vs 683 Cr 
EBITDA Margin At 68.7% Vs 63.2%

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

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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