Pre-market analysis

1)Nifty closed at 11464.45 up 0.13% and banknifty closed at 22479.95 up 0.06%.

2)Global markets closed in mixed on friday.

3)Today, US and Europe futures are trading positive and asian markets opened positive and sgx nifty future is trading at 11492.50 up 0.33%.

4) We may open gap up of around  50-70 pts and follow global futures as the day progresses.

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

Apollo Hospital / SAIL / PVR / Raymond / ITI / NBCC / HUDCO / Future Retail

9)Stocks in news.

Yes bank 
ICRA, Credit Rating Agency upgrading the ratings from BB+ RATING WATCH TO BBB STABLE 

Deepak fertilisers 
Approved rights issue price at Rs.133
Ratio:3:20

ASTRAZENCA : British clinical trials for the AstraZeneca and Oxford University coronavirus vaccine resume following confirmation by the Medicines Health Regulatory Authority (MHRA)

PFIZER : CEO Says covid vaccine could be given to american before end of the yr

BHARTI AIRTEL : Moody Revises Bharti's outlook to stable from Negative
Outlook change is a reflection of improving profitability at core indian mobile Biz
This is on account of 1) Easing competition in the sector 2)Increase in 4G customer base 

TATA MOTORS / TATA MOTO DVR
Tata Motors Ltd  initiates  process of selling stakes in units Tata Technologies Ltd and Tata Hitachi Construction Machinery Co. Pvt. Ltd as part of its ambitious plan to turn debt-free in three years

DILIP BUILDCON 
Reports suggest company is in talks with large global financial investors to sell seven of its road projects.  exploring possibilities for monetizing the remaining 7 HAM projects out of the 12 they had won in FY19

UPL
LIC raised the stake in the company to 7.07 percent from 5.06 percent earlier.


STERLITE TECH/AKSH OPTI/FINOLEX CABLE 

Mobile-electronics industry body ICEA has asked the govt to increase anti-dumping duty on optical fibre to 25% especially on cheap imports coming from China.
DGTR recco  10% anti dumping  duty of optical fibre 

10)Results

BHEL Q1 fy21 (yoY) --WEAK 
Net Loss At 893 Cr Vs  loss 218 cr (Est 512 Cr Loss)
Rev dn 56% At 1991 Cr Vs 4532 ( Est 2956 Cr)
EBITDA Loss Of 1059 Cr Vs loss 270cr ( Est 546 Cr Loss)
Total order book flat at Rs 1.1 lk cr
Order flows  dn 60% YoY

IRCTC REVIEW – Q1-FY21 bad
Rev dn 78% at 131 Cr vs 587 Cr QoQ
EBITDA dn 122% at -44 Cr vs 201.9 Cr QoQ
Margins at dn 33.4% vs 34.4% QoQ
Loss 24.6 Cr vs 150.6 Cr QoQ

IndiaBulls Real Estate Q1Fy21 (yoy) --bad
total income of Rs.95.03 cr vs Rs.869.33 dn 89%
Net Loss  of Rs.94.56 cr vs Loss of 119.36cr dn 20%

11)Happy Trading

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

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