Pre-market analysis

1)Nifty closed at 11549.60 up 0.67% and banknifty closed at 23414.20 up 1.39%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading in negative and asian markets opened negative and sgx nifty future is trading at 11559. up 0.09%.

4) We may open flat or gap up of around 30-40 pts and follow global futures as the day progresses.11500 mark,nifty at crucial levels for bulls and bears being expiry,either there will big rally or close below 11500.

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




6)Nifty option pain is at 11450 and banknifty option pain is at 23100.

7)Nifty may trade between 11500 and 11600 and banknifty may trade between 23000 and 24000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

9)Stocks in news.

Suven Life
Suven Life Sciences announces five poster presentations including Phase-2 proof-of-concept study design for SUVN-G3031 in patients with narcolepsy at the SLEEP 2020 virtual conference

Welspun Corp
Board Meeting on 31st Aug for fund raising through equity / Debt
 
SRF
Board meeting on 31st Aug for fund raising through NCD’s / QIP

M&M
M&M and REE Automotive Limited (“REE”) have signed a Non-Binding MOU to explore development and manufacturing of electric commercial vehicles using REE’s corner module technology and the Company’s vehicle design, engineering, sourcing capability and manufacturing assets.

ICICI SEC / ICICI BANK
ICICI Bank To Sell Up To 2% Stake In ICICI Securities In Open Market
30 days beginning from 28-August / Tomorrow

Auto and Logistics stocks in focus
Maharashtra Cabinet decides to exempt tax for commercial vehicles
Road tax for 6 months to be waived in Maharashtra for all transporters and CVs  
Incremental Positive for commercial vehices

Hindustan Aeronautics
Govt To Sell Up To 10% Stake In Co Via OFS
OFS Floor Price Set At `1,001/Sh
Offer Opens For The Non-retail Investors On August 27
Offer Opens For The Retail On August 28

JINDAL STAINLESS
To Raise Up To Rs 163 Crore Via Issue Of Warrants @ Rs 42.5/ Share 
Promoters to invest 150 Cr; Kotak Special Situations Fund to invest 12.8 Cr
Promoter stake to increase to 57.77% vs 55.07% on conversion

10)Results

GMDC
Q1FY21, YoY
Sales Down 52.5% to Rs 240.1 v/s Rs 504.9 cr
EBITDA Loss of Rs 1 cr v/s profit of Rs 113.1 cr
Profit Up 42.8% to Rs 136.1 v/s Rs 95.3 cr
Excess provision of Rs 121 cr adjusted this quarter helping in increase in profit

IGL Q1, QoQ
PAT Down 87.9% at 35.2 Cr Vs 290.8 Cr
Revenue Down 58.9% at 638 Cr Vs 1,552 Cr
EBITDA Down 78% at 83 Cr Vs 376.5 Cr
EBITDA Margin at 13% Vs 24.2%
Total volumes down 57% YoY at 2.72 vs POLL at 3.1 mmscmd
Says Volumes have started gradually recovering in June & July

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

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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