Pre-market analysis

1)Nifty closed at 11535.00 up 0.56% and banknifty closed at 23874.55 up 0.26%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading flat and asian markets opened positive and sgx nifty future is trading at 11575.00 up 0.13%.

4) We may open flat or gap up of around 10-30 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 11500 and banknifty option pain is at 23800.

7)Nifty may trade between 11400 and 11700 and banknifty may trade between 23500 and 24500 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

Page Industries, Jubilant Industries, MSTC, Zuari Agro Chemicals, Essar Shipping, IL&FS Engineering, Panacea Biotec

9)Stocks in news.

Bank Stocks
FM to meet PSU Bankers
Moratorium case hearing in SC
K V Kamath report to come out in the next 2 days

Interglobe Aviation / SpiceJet
Aviation Min Allows Domestic Airlines To Operate with 60% Capacity with Immediate Effect, earlier it was 45%

BHARAT FORGE/ RK FORGINGS/ GNA AXLE
August Class 8 Truck Orders
North America Class 8 Orders up 3% at 20,500 Units MoM and up 91% YoY

VODAFONE IDEA
Amazon, Verizon may buy a stake in the company for $4b 
Stake sale talks have resumed post outcome of SC verdict on AGR
Bd meet scheduled tom to consider fundraising

LUPIN
launches Leflunomide tablets used to treat rheumatoid arthritis, in the US market.
Leflunomide tablets had annual sales of around USD 42 million in the US

Engineers India
Bags order worth Rs 450 Cr from GAIL

GSFC
Restarts methanol plant after six years to aid import substitution

NTPC / Tata Power / Adani Power
Electricity demand improves to 98% of pre-COVID-19 level in August: ICRA

INFOEDGE -- 
Zomato has raised around $250 mln collectively from Tiger, Kora and Singapore’s sovereign wealth fund Temasek, an existing investor. Tiger may pump in another $100 million if Zomato is able to regain pre-Covid biz  vol
valuing Zomato at $3BLn

VENKYS/GODREJ AGROVET
Chicken egg consumption started rising significantly, and is likely to reach 70% of the pre-Covid level in the current quarter,
Godrej Agrovet: expect consumption to be back to about 70% in Oct to Dec  90% by Jan- Mar  21

10)Results

Coal india— better than est 
Net Profit dn 55% 2,077.5 Cr Vs Vs 4,630 Cr   Poll Of 1,950 Cr
Rev dn 25.9% 18,486.8 Cr Vs 24,939 Cr Poll Of `19,060 Cr
EBITDA dn 53.8% 3,051.7 Cr Vs 6,612.4 Cr  Poll Of 2,745 Cr
EBITDA Margin At 16.5% vs Poll Of 14.

11)Happy Trading

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

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