Pre-market analysis

1)Nifty closed at 11440.05 down 0.21% and banknifty closed at 22101.25 down 1.68%.

2)Global markets closed positive yesterday.global market outperformed yesterday but we did not performed.

3)Today, US and Europe futures are trading positive and asian markets opened positive and sgx nifty future is trading at 11456.50 up 0.02%.

4) We may open flat or gap up of around 30-40 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 11450 and banknifty option pain is at 22400.

7)Nifty may trade between 11200 and 11600 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

Allcargo Logistic 1Q
Future Enterprises 1Q
ITD Cementation 1Q
Jain Irrigation1Q
Liberty Shoes1Q
National Fertilizers 1Q
Procter & Gamble Health 4Q
Sterling & Wilson Solar 1Q
Swan Energy  1Q
Va Tech Wabag 1Q
Vedanta 1Q

9)Stocks in news.

Motherson Sumi Systems
 allotted NCDs worth Rs 2,130 crore on a private placement basis.

Gujarat Gas
Care Ratings upgraded long term and short term bank facilities worth Rs 2,000 crore to Care AA+ from Care AA, with the outlook remaining stable. 

Max Healthcare Institute
Promoters Analjit Singh and Max Ventures Investment Holdings reduced their stake from 7.04% to 1.89% on Sept.11.

Sugar stocks
The government is likely to allow sugar mills to export their Maximum Admissible Export Quantity for 2019-20 (Oct-Sep) till the end of this year, a senior government official said today.

10)Results

APOLLO HOSPITAL
Q1 – YoY = WEAK / BUT AHEAD OF ESTIMATES
Weak as expected but better than estimates
Revenues down 15.6% at Rs.2171cr vs 2571.9cr
Hospital Revenues Down 41% & Pharmacy Revenues Up 21%
EBITDA at Rs.35.5cr vs 363.7cr

SAIL

Operating loss at Rs.398cr vs Operating Profit at Rs.1588cr
Net loss at Rs.1226cr vs Net Profit at Rs.103cr
Details Awaited – Inventory levels / Debt levels / Guidance for FY21

PVR

Q1-YoY – WEAK
Weak as expected 
Revenues down 99% at Rs.12.7cr vs 880cr (Poll at Rs.NIL)
EBITDA loss at Rs.115.9cr vs profits of Rs.279cr (Poll at loss Rs.128cr)
Net loss at Rs.225cr vs profits of Rs.17.6cr (Poll at Rs.213cr loss)

11)Happy Trading

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

Comments

  1. Rajesh PosaSeptember 14, 2020 at 8:11 PM

    Good analysis bro....good if you post which stocks could be bullish and bearish

    ReplyDelete

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