Pre-market analysis

1)Nifty closed at 11527.45 up 0.07% and banknifty closed at 23530.85 up 1.44%.

2)Global markets closed negative yesterday. Huge profit booking in us markets.

3)Today, US and Europe futures are trading negative and asian markets opened mixed and sgx nifty future is trading at 11398.00 down 1.26%.

4) We may open gap down of around 80-100 pts and follow global futures as the day progresses. We may recover in second half,not expecting big fall in our markets.

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

6)Nifty option pain is at 11500 and banknifty option pain is at 23600.

7)Nifty may trade between 11400 and 11600 and banknifty may trade between 23000 and 24000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

NALCO
JUBILANT LIFE SCIENCES
NLC INDIA
REPCO HOME FINANCE

9)Stocks in news.

BANKS /NBFC
FM Says
COVID-related Distress Must Not Impact Lenders’ 
Resolution Schemes Must Be Rolled Out By Lenders By Sep 15 2020
Interest Waiver Case | SC Observes
A/cs Not Declared As NPAs By Aug 31, Will Not Be Declared As NPAs Till Further Orders

Infosys acquires US-based product design and development firm, Kaleidoscope Innovation, for $42 million. Infy  will be able to expand its engineering services portfolio, especially in medical devices, consumer and industrial markets across the US

LIQUOR STOCKS : UBL/USL/RADICO /GM /GLOBUS:
Delhi bars allowed to resume service from 9 Sept. mandatory for people entering to wear masks, 
50% seating capacity and no standing customers will be served

TATA MOTORS : Govt Body, EESL To Buy 250 EVs From Tata Motors & Hyundai India

Allcargo Logistics 
Co is considering listing its intl biz on a European exchange, as it weighs its proposal to give up its listing in India. 
co may seek a new listing as soon as next year.
could seek to value the biz at $800 mln to $850 mln in an offering

HAL: Govt  proposes to offer 5.02 lk shares at Rs 950.95/sh to the employees. Offer for sale will remain open from Sept. 4-9.

Cheviot to consider share buyback on Sept.8.

OMDC
LIC decreased stake from 13.20% to 11.16% from Feb.12-Sept.2.

VODAFONE : BM on fund raise

SOUTH INDIAN BANK
-- Board meet  to consider fund raising via QIP/rights issue/bonds
 
10)Results

Jubilant Ind Q1 – BAD 
Net Loss Of `3.1 Cr Vs Profit Of `9.6 Cr (YoY)
Revenue Down 37.9% At `94.3 Cr Vs `151.8 Cr (YoY)
EBITDA Down 77.5% At `3.8 Cr Vs `16.9 Cr (YoY)
EBITDA Margin At 4% Vs 11.1% (YoY)

Panacea biotech Q1FY21-YoY  Weak numbers
Losses continue, expand Yoy but contract QoQ
Revenue up 5.5% at 123.7cr vs 125.7cr
EBITDA down 3.5% at 22.2cr vs 23cr
OPM at 16.7% vs 18.3%
LOSS at 33cr vs 26.5cr (vs 68cr Qoq)

11)Happy Trading

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

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