Pre-market analysis

1)Nifty closed at 11559.25 up 0.08% and banknifty closed at 23600.35 up 0.80%.

2)Global markets closed positive yesterday.Day may belong to nifty IT.

3)Today, US and Europe futures are trading in positive and asian markets opened positiv and sgx nifty future is trading at 11642.0 up 0.38%.

4) We may open gap up of around 40-60 pts and follow global futures as the day progresses.

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




6)Nifty option pain is at 11500 and banknifty option pain is at 23500.

7)Nifty may trade between 11500 and 12000 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 

Apex
Blackrose
Esarind
Gulfpetro

9)Stocks in news.

HCL Tech
HCL opens first Innovative Cybersecurity Fusion Center in Europe

HAL
Govt Decides To Exercise Green Shoe In HAL OFS

Allcargo
Inga Ventures To Do Due Diligence On Delisting Co's Shares
Board To Consider Delisting After Due Diligence Report

WIPRO
S&P Affirms Wipro's A- Rating On Good Cash Flows
See Wipro's Operating Cash Flow Over `10,000 Cr In FY21

YES BANK
CRISIL Upgrades Yes Bank’s CDs To A2+ Vs A2 On Better Funding Profile
CRISIL Says Yes Bank’s CD Upgrade Due To Improved Liquidity, Deposit Base

10)Results

IDFC Ltd
Q1FY21, YoY
NII Up 38% to Rs 1563 cr v/s Rs 1174 cr
PAT at 94 cr v/s loss of Rs 617 cr
NIM 4.53% v/s 3.01%
GNPA 1.99% v/s 2.6%


NMDC Q1 YoY
Net Profit Down 54.8% at 532.9 Cr Vs 1,179.3 Cr 
Revenue Down 40.6% at 1,937.5 Cr Vs 3,263.7 Cr 
EBITDA Down 59.6% at 754.9 Cr Vs 1,866.8 Cr 
EBITDA Margin At 39% Vs 57.2% 
NMDC: In-Principle Approved Demerger Of Nagarnar Iron, Steel Unit


11)Happy Trading

12)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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