Pre-market analysis

1)Nifty closed at 11387.50 down 2.23% and banknifty closed at 23754.35 down 3.14%.

2)Global markets closed negative yesterday.

3)Today, US and Europe futures are trading in positive and asian markets opened positive and sgx nifty future is trading at 11441.50 up 0.67%.

4) We may open gap up of around 70-100 pts and follow global futures as the day progresses. Yesterday we saw panic selling which lead nifty to dip below 11500. So now 11000 and 11500 will be the range for september once 11500 is breached,we can see 11800 on support side 11300 must hold and 11000 will be very good support.

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


6)Nifty option pain is at 11500 and banknifty option pain is at 24000.

7)Nifty may trade between 11000 and 12000 and banknifty may trade between 23000 and 25000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

KCL
KEL
ONGC

9)Stocks in news.

Bharti /Vodafone 
Justice Mishra in SC to announce verdict in AGR matter at 11:30 AM
1. Will SC give telecom co’s 15-20 yrs to make payments
2. Who will pay AGR dues for co’s in NCLT
Banks exposure to Tel : Indus Ind Bk /IDFC First/SBI /PNB

Bharti Infratel 
Co decides To Proceed With Indus Tower Merger
Vodafone May Hold 28.2%, PEP 3.2% In Merged Co
Total For Indus Share Swap: 31.4% & Infratel Shareholders: 68.6% 
Shareholding Is Subject To Change, Based On Closing Adjustments

HOTELS STOCKS
Maharashtra Govt says From Sep 2, Hotels & Lodges Can Operate At 100% Capacity
Separate SoPs Will Be Issued For Hotels & Lodges
Indian Hotel/EIH/ Mahindra holidays/ Kamat /Lemon tree /Royal orchid

BEML/TATA POWER/L&T 
Defence Ministry signed contracts with BEML, Tata Power L&T supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approx cost of 2580 Cr
BEML Order Worth 842 Cr 

L&T 
Co completes divestment of Electrical & Automation Business
Sells business to Schneider Electric for 14,000cr in an all cash deal
Co had entered definitive agreement to sell unit in May 2018
Co to focus on infra, construction, EPC and big products

BHARTI AIRTEL
Integrated Core Strategies bought ₹1953 crore worth shares at an average price of ₹513.79/sh 

MOIL
Increase price of Ferro, Fine Grade by 10% from 1st Sept 

10)Results

Bharat Dynamics Q1 FY21 -- BAD 
Net Loss At 78 Cr Vs Profit Of 65.5 Cr (YoY)
Revenue dn 93.6% At `31.4 Cr Vs `491.6 Cr (YoY)
EBITDA Loss At `118.6 Cr Vs EBITDA Of `111.7 Cr (YoY)

JK Cement Q1 FY21
Cons Net Profit dn 61.8% At 52.3 Cr Vs 136.9 Cr (YoY)
Cons Rev dn 27.9% At 1,004.8 Cr Vs 1,393.9 Cr (YoY)
Cons EBITDA dn 31% At 212.6 Cr Vs 308.2 Cr (YoY)
Cons EBITDA Margin At 21.1% Vs 22.1% (YoY)


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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