Pre-market analysis

1)Nifty closed at 11449.25 up 1.52% and banknifty closed at 22466.20 up 0.89%.

2)Global markets closed in negative yesterday.

3)Today, US and Europe futures are trading positive and asian markets opened positive and sgx nifty future is trading at 11420.00 down 0.35%.

4) We may open flat or gap up of around 20-30 pts and follow global futures as the day progresses.Being friday,today is day for shortcovering and profit booking in many scrip.

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

6)Nifty option pain is at 11400 and banknifty option pain is at 22500.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 22000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today

IRCTS
BHEL
Adani Green
Arvind Smart spaces
BF Utilities
Mishra Dhatu Nigam
Rail Vikas Nigam

9)Stocks in news.

Hexaware
promoter raises $60 Cr to partially use the amount to finance the delisting of shares

INFOEDGE
ZOMATO founders In letter to employees says planning an IPO in first half of 2021. 
Infoedge holds 22.7% in zomato. Zomato is currently valued at $3.5Bln
Zomato raised $102.5 million led by Tiger Global 

Maruti : Suzuki purchased 284,322 equity shares valued at Rs 204.31 crore in  Maruti Suzuki

DR REDDYS LABORATORIES
Revlimid pre-trial conf is on 21st Sept 
Revlimid has a huge market size $7.5bn (used to treat multiple myeloma)
DRL is one of the early filers
Global Pharma Co Celgene is the innovator and this case is approaching the trial stage

10)Results

HAL Q1FY21 YoY- weak 
Revenuesdn -47.2% at 1737cr vs 3289cr
EBITDA dn -54.4%at 384cr vs843cr
EBITDA margins 22.1% vs 25.6%
Net Profit dn -73.7% 148.6cr vs 565cr

Hind Copper Q1FY21 (yoy)
Cons Net Profit up 40% At 29.8 Cr Vs 21.2 Cr 
Cons Revenue up 41.9% At 431.4 Cr Vs 304.1 Cr 
Cons EBITDA dn 7.4% At 86.4 Cr Vs 93.3 Cr 
Cons EBITDA Margin At 20% Vs 30.7% (YoY) 
Tax Credit At 11 Cr Vs 1 Cr (YoY)

11)Happy Trading

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

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