Pre-market Analysis

1)Nifty closed at 11466.45 up 0.83% and banknifty closed at 22833.00 up 2.39%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11491.50 down 0.05%.

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 11400 and banknifty option pain is at 22600.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 22000 and 24000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 
9)Stocks in news.

Future Retail
Company makes payment of $14mn on 5.6% Senior Secured Notes due 2025 (“USD Notes”)

Zydus Wellness
Board meeting on 27th Aug for fund raising through Equity

Allcargo Logistics
Board meeting on 27th Aug, to consider delisting of shares

MCX
Launches futures trading on India’s first real-time Bullion Index, MCX BULLDEX’’.

Wipro
Wipro and Quaternion Partner to Launch Standard Initial Margin Model (SIMM) Solution
The offering aims to simplify compliance for financial institutions covered under Uncleared Margin Rules (UMR)

Coromandel! International
As per the agreement entered earlier the Company has acquired 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of CSQM for a consideration of Rs. 12 Crores. Consequently, CSQM has now become a wholly owned subsidiary

ONGC
Board Meet on 1st Sept to consider results and and Fund Raising of Rs 35000 cr mainly by debt and bank loan in Indian and foreign currency

Xchanging Solutions
Board meeting on 28th Aug to consider and approve the proposal for voluntary delisting of shares

Axis Bank Says
Now Propose To Acquire 17% Of Equity Share Capital Of Max Life
Acquisition Of 17% In Max Life To Result In Total Ownership Of 18% Post Transaction

STERLITE TECH / FINOLEX CABLE IN FOCUS
DGTR imposes a 10% duty on imports of single mode optic fibre
10)Results

NOCIL
Q1FY21, YoY
Sales down 53.6% to Rs 106.5 v/s Rs 229.6 cr
EBITDA Down 85.9% to Rs 8 v/s Rs 56.6 cr
EBITDA margins down to 7.5% v/s 24.7%
Profit down 63.5% to Rs 12 v/s Rs 32.9 cr

LIC Housing Finance
Q1FY21, YoY
NII QoQ up 7.7% @ 1225 Crores (Exp=1137 Cr)
Profit Up 35.3% to Rs 824.1 v/s Rs 609.1 cr
NIMs @ 2.32% v 2.1%

11)F&O BAN
New in Ban: ASHOKLEY, IDEA, GMRINFRA, SAIL, VEDL
Still in Ban: ADANIENT, BHEL, NATIONALUM, PNB
Out of Ban: AUROPHARMA, CANBK, IBULHSGFIN, MUTHOOTFIN, RBLBANK

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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