Pre-market analysis

1)Nifty closed at 11101.65 up 0.06% and banknifty closed at 21509.95 up 0.09%.

2)Global markets closed in deep green yesterday. Today is expiry and it will be volatile in first half and also rbi policy being at 12,second half will decide the direction.

3)Today, US and Europe futures are trading mixed and asian markets opened negative and sgx nifty future is trading at 11111.50 down 0.01%.

4) We may open flat or 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 11100 and banknifty option pain is at 21500.

7)Nifty may trade between 11000 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 

Lupin / HPCL / Pidilite / Adani Ent / Adani Power / Torrent Power/ Can Fin Homes / Indian Hotels/ JK Tyres 


9)Stocks in news.

HDFC
QIP Opens; Floor Price  At `1,838.94/share
To Raise 14,000 Cr Via Equity Shares, Warrants
The QIP will comprise of equity share sale of Rs 10,000 crore and sale of warrants worth Rs 4,000 crore.
To Raise `9,000 Cr Via Secured NCDs

Alkem Labs
ALKEM launches Favipiravir in India under the brand name “Alfluenza” for the treatment of mild to moderate COVID-19.

INDIGO
Board To Meet On August 10 To Consider Raising Funds

AVENUE SUPERMART
Analyst Meet Takeaways
Sales have reached ~80% of pre covid levels
Margins may continue to get impacted due to lower sales of non-essentials 

10)Results

Apollo Tyres Q1 YoY
Net Loss At 134.6 Cr Vs Profit Of 141.6 Cr 
Revenue Down 33.7% At 2,873 Cr Vs 4,331 Cr
EBITDA Down 50.1% At 237.2 Cr Vs 475 Cr 
EBITDA Margin At 8.3% Vs 11% 
Apollo Tyres  To Issue Pref Shrs Worth `540 Cr To Emerald Sage

JK Lakshmi Cement Q1 Cons YoY
Revenue Down 19.8% At 911.5 Cr Vs 1,136.3 Cr
EBITDA Down 17.4% At 172.6 Cr Vs 208.9 Cr
EBITDA Margin At 18.9% Vs `18.4% 
Net Profit Down 1.8% At `48.9 Cr Vs `49.8 Cr

DLF
Q1FY21, YoY
Sales down 58.8% to Rs 548.6 v/s Rs 1331.2 cr
EBITDA down 99.3% to Rs 1.7 cr v/s Rs 239.7 cr
EBITDA margins of 0.3% vs 18%
Loss of 71.5 cr v/s Profit of Rs 413.9 cr
In base year exceptional gain of  Rs 296.5 cr

11)Happy Trading

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

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