Pre-market analysis

1)Nifty closed at 10805.55 down 2.93% and banknifty closed at 20456.85 down 3.41%.

2)Global markets closed positive yesterday.

3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 10908.00 up 0.58%.

4) We may open gap up of around 70-100 pts and follow global futures as the day progresses.10800 is not broken yesterday,and we need positive close today,wild swings in global market,dow from -300 to +300 and then closing in +50 so market will remain volatile with wild swings,for bulls , we will not break 10800 till dow futures are positive,we need to.out perform today.many stocks are oversold so shortcovering is due.

5)Support and resistance for nifty and banknifty

6)Nifty option pain is at 10950 and banknifty option pain is at 20800.

7)Nifty may trade between 10500 and 11000 and banknifty may trade between 20500 and 21500 for this week.this are very strong support and resistances as per oi chain.

8)Results today
No result announcement of any important company.

9)Stocks in news

INFOSYS/TCS/HCL TECH:
Accenture Q4 results and FY21 guidance below expectation.
· CC Rev dn 1% YoY at $10.8b vs est of $10.9b
·  EBIT margins of 14.3% vs street
Outsourcing rev up 7% YoY in CC, while consulting was down 8% YoY
Guidance
· FY21 guidance at 2-5%

TCS
Bags Order From Fashion Apparel Retailer Maurices For Digital Services

M&M 
Raises Stake In Sampo Rosenlew To 74.97% From 49.14%
Sampo’is a leading player in combine harvesters’ market.
 Sampo had a total revenue of Euro 49 million during the 12 months ending 31st March 2020.

EICHER MOTORS
HARLEY DAVIDSON to exit Indian market 
announces an overhaul of its operating model and market structure.
Harley plans to close its manufacturing facility in Bawal and significantly reduce the size of its sales office in Gurgaon.

GRANULES : 
KKR , BLACKSTONE BAIN interested parties in buying majority stake in the co. Money control says Promoters looking to exit completely. Promoters Hold 42% stake

TATA CONSUMER / Jubilant food: 
Bloomberg report suggests that board has approved proposal to explore an acquisition of Coffee days vending machine biz. 
TOI says jubilant food is also in the race . (CCD has 59,439 vending machines in institutions)

Tata Coffee 
Co is in initial stages of negotiations to acquire 12,000 hectares of coffee plantation that belonged to VG Siddhartha, founder, Cafe Coffee Day Enterprises, for a valuation of Rs 1,200 – 1,500 crore.- reports

Nippon Life: 
Receives Joint Mandate To Manage POLIF & RPOLIF For 3 Years w.e.f. October 1
 POLIF Is Post Office Life Insurance Fund
RPOLIF Is Rural Post Office Life Insurance Fund

10)Results
No results update

11)Happy Trading

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

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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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