Pre-market Analysis

1)Nifty closed at 11095.25 up 1.87% and banknifty closed at 21490.50 up 1.99%.

2)Global markets closed in green yesterday and it is good sign for our markets too.

3)Today, US and Europe futures are trading flat and asian markets opened mixed and sgx nifty future is trading at 11106.50 up 0.31%.

4) We may open gap up of around 40-50 pts and follow global futures as the day progresses, strong support 10800 is protected and also we are above 11k mark.

5)Support and resistance for Nifty and Banknifty  for intraday.
6)Nifty option pain is at 11050 and banknifty option pain is at 21500.

7)Nifty may trade between 11000 and 11200 and banknifty may trade between 21000 and 22500 for this week.this are very strong support and resistances as per oi chain.

8)Results today 


9)Stocks in news.

Axis Bank
Sets 442.19/Share As Floor  Price For QIP            
QIP Issue Opens Today; Board Meet On Aug 10 To Decide QIP Issue Price

INFO EDGE
Info Edge Sets 3,177.18/Share As  Floor Price For QIP
Info Edge
QIP Issue Opens Today; To Decide On QIP Issue Price On August 7

NMDC
July Numbers
Production Up 13% to 2.19 MT
Sales Up 7% to 2.57 MT

TCS
Digitate, a software venture of TCS Launches ignio AI.Assurance to Transform Software Testing and Speed Up Software Release Cycles

Coal India
Five trade unions of Coal India has served notice of one-day strike in Coal India and its Subsidiaries on 18.08.2020

10)Results

Jindal Saw Q1 YoY
Revenue Down 46.3% At 1.640.8 Cr Vs 3,056.5 Cr
EBITDA Down 53.6% At 183.9 Cr Vs 396.5 Cr
EBITDA Margin At 11.2% Vs 13%
Net Loss At 9.2 Cr Vs Profit of 131.4 Cr

MRPL
Q1FY21, YoY
Sales down 43.6% to Rs 6318.6 v/s Rs 11202 cr
EBITDA Up 14.1% to Rs 1525.6 cr v/s Rs 1336.4 cr
EBITDA Margins Up to 24.1% v/s 11.9%
Loss of Rs 755.6 cr v/s Loss of Rs 547.7 cr

Astral Poly
Q1FY21, YoY
Sales down 33.4% to Rs 403.9 v/s Rs 606.6 cr
EBITDA down 42.2% to Rs 53.2 v/s Rs 92.1 cr
EBITDA margins down to 13.2% v/s 15.2%
Profit down 57.5% to 20.3 v/s Rs 47.8 cr

PI Ind Q1, YoY
Revenue Up 28.4% At 968.4 Cr Vs 754.1 Cr
EBITDA Up 43.8% At 217.7 Cr Vs 151.4 Cr
EBITDA Margin At 22.5% Vs 20.1%
Net Profit Up 30.9% At 131.9 Cr Vs 100.8 Cr

Gujarat Gas Q1, YoY
Net Profit Down 74.7% At 59.1 Cr Vs 234 Cr
Revenue Down 58.6% At 1,083 Cr Vs 2,614.6 Cr
EBITDA Down 60.2% At 185.7 Cr Vs 466.5 Cr
EBITDA Margin At 17.1% Vs 17.8%

11)Happy Trading

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

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