Pre-market analysis

1)Nifty closed at 10891.60 down 1.64% and banknifty closed at 21072.10 down 2.62%.

2)Global markets closed in green yesterday.

3)Today, US and Europe futures are trading positive and asian markets opened mixed and sgx nifty future is trading at 10941.20 up 0.27%.

4) We may open gap up of around 50-60 pts and follow global futures as the day progresses,psychological support would be 10800.Today we can expect shortcovering in banks.

5)Support and resistance for Nifty and Banknifty  for intraday.
6)Nifty option pain is at 11000 and banknifty option pain is at 21400.

7)Nifty may trade between 10800 and 11200 and banknifty may trade between 21000 and 22000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

9)Stocks in news.

KEC Intl
Gets Orders Worth Rs 1,190 Cr Across Different Ops and different countries

Alembic Pharma
QIP Issue Opens Today; Floor Price Set At Rs 980.75 ~ CMP Rs 989
Meeting of Fund Raising committee on 6th Aug to consider issue price of QIP

Jubilant Life
Announces launch of ‘JUBI-R’ (remdesivir) in India for the treatment of COVID-19 for Rs 4700 per vial of 100 mg

Infosys
National Bank of Bahrain Selects Infosys Finacle to Digitally Transform its Transaction Banking Business

IT COMPANIES IN FOCUS
US Prez Signs Executive Order To Prioritise Hiring Of American Workers In Federal Contract Jobs

UNITED SPIRITS / RADICO KHAITAN / UBL / GM BREWERIES IN FOCUS
MCGM allows all shops on both sides of the road to be opened
Counter sale of liquor allowed in Mumbai with proper social distancing norms

SPICEJET IN FOCUS
DGCA Asks SpiceJet To Withdraw Sale Offer For Discounted Tickets: Sources
DGCA Had Sought Clarification From SpiceJet On The 5-Day Sale For Discounted Tickets

10)Results

Exide Q1 YoY
Net Loss At 13.5 Cr Vs Profit Of 161.6 Cr Est 30 cr
Revenue Down 31.1% At 2,526 Cr Vs 3,664.2 Cr 
EBITDA Down 65.2% At 132.8 Cr Vs 380.2 CrEst 130
EBITDA Margin At 5.3% Vs 10.4% 

VST Ind Q1 YoY
Net Profit flat At 75.7 Cr
Revenue Down 19.4% At 245.6 Cr Vs 305.7 Cr
EBITDA Down 13.7% At 99.3 Cr Vs 115.1 Cr
EBITDA Margin At 40.3% Vs 37.8%

BSE Ltd
Q1FY21, YoY
Sales down 7.9% to 103.2 v/s 112.1 cr
EBITDA Down 3.7% to 57.2 v/s 59.4 cr
EBITDA margins Up to 55.4% v/s 53%
Profit down 21.35% to 32.5 v/s 41.3 cr

11)Happy Trading

12)Follow our telegram channel 'Optionstraders' for calls on equity and options.

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