Pre-market analysis

1)Nifty closed at 11472.25 up 0.05% and banknifty closed at 23092.15 up 1.13%.

2)Global markets closed mixed yesterday.there was sign of exhaustion yesterday in global markets.

3)Today, US and Europe futures are trading in negative and asian markets opened negative and sgx nifty future is trading at 11484.50 up 0.04%.

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 22800.

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 
Cupid
Igl
Gillete
Hndfds
Minda finance

9)Stocks in news.

SBI
Moody's Affirms SBI's Baa3 Deposit Rating
Downgrades SBI's Standalone Profile To Ba2 From Ba1
See SBI's Asset Quality, Profitability Deteriorating

TCS
S&P Revises TCS Outlook To Stable From Positive
S&P Says
TCS’s Outlook Revised To Stable On Weakening Biz Sentiment; 'A' Rating Affirmed
TCS To Face Slower Revenue Growth, Profitability Over 12-18 Months

Birla Tyres
Board meeting on 28th Aug to consider fund raising through equity/Debt

FDC
Launches 2 variants of Favipiravir in India at Rs 55 per tablet

Indiabulls Ventures
Board meeting on 28th Aug to consider and approve the preferential issue of its Equity Shares, including its pricing, to certain foreign investor(s)

PNB
MCA Says
PNB Receives $3.25 m In First Recovery In Nirav Modi Case
$11.04 m Made Available Upon Liquidation Of Debtors’ Assets By US Chapter 11 Trustee

10)Results

IRCON intl
Q1FY21, YoY
Sales down 50.75% to Rs 526.9 v/s Rs 1069.9 cr
EBITDA Down 66% to Rs 59.75 v/s Rs 175.6 cr
EBITDA margins down to 11.3% v/s 16.4%
Profit down 76.2% to Rs 34.5 v/s Rs 144.7 cr

Atul Auto
Q1FY21, YoY
Sales down 82% to Rs 26.6 v/s Rs 147.7 cr
EBITDA loss of Rs 7.2 v/s Rs 18.2 cr
Loss of Rs 6.4 v/s profit of Rs 11.6 cr

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

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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