Pre-market analysis

1)Nifty closed at 11647.60 up 0.76% and banknifty closed at 24523.80 up 3.91%.

2)Global markets closed positive on friday.

3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11753.50 up 0.54%.

4) We may open gap up of around 70-100 pts and follow global futures as the day progresses. This week nifty It and nifty pharma  may take the lead.

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


6)Nifty option pain is at 11600 and banknifty option pain is at 24100.

7)Nifty may trade between 11500 and 12000 and banknifty may trade between 23500 and 25000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Arvind, Bharat Dynamics, GNFC, JK Cement,  NHPC, Sadbhav Infra, Spandana Sphoorty

9)Stocks in news.

Market will react to the Reliance Retail & Future Grp deal today. 
Deal +ve for banks that have exposure to Future group debt. 
Lenders led by Axis Bank have a total exposure of ₹16000 cr. 
BOI led consortium exposure of ₹5750 cr
Axis Bank ₹1250 cr and BOB ₹750 cr

BANKS in Focus as Bank  
Moratorium to end today.

FUND RAISING 
INDIABULLS VENTURES  
- To raise 590 cr via preferential issue at 175/sh to 6 foreign investors

J&K BANK 
- Board approves raising up to 4,500 cr capital

Unlock 4.0 guidelines make no mention of opening Multiplexes. 
-ve for PVR , INOX Leisure

ABB POWER
Buyback Price Hiked
Open offer price for buyback at 872.68/sh vs 865.92/sh earlier


10)Results

Wockhardt Q1FY21-YoY -- BAD 
Revenue dn 17.6% at 598cr vs 726cr
EBITDA loss at 72cr vs 0.4cr
LOSS at 225cr vs LOSS at 63cr
Includes discontinued operations PAT at 760cr vs LOSS at 45cr
One time income on sale of biz to DRL of 1328cr

11)Happy Trading

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

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