Pre-market analysis

1)Nifty closed at 11355.05 up 0.19% and banknifty closed at 22945.05 down 0.29%. 2)Global markets closed due to public holiday.

3)Today, US and Europe futures are trading positive and asian markets opened mixed and sgx nifty future is trading at 11365.00 down 0.13%.

4) We may open flat or gap up of around 20-30 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 11400 and banknifty option pain is at 23000.

7)Nifty may trade between 11000 and 11600 and banknifty may trade between 22500 and 24000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

CESC, Dishman Carbogen Amcis, Future Consumer, Jindal Stainless,  SML Isuzu, Spencers Retail, Texmaco Rail & Engineering 

9)Stocks in news.

KV KAMATH COMM Report : 

Identified 26 sectors and recommends sector specific thresholds. 

Auto components, Power, construction, steel, roads, real estate, textiles, consumer durables, aviation, logistics, hotels, restaurants, tourism, mining , jewellery

cement etc 

Bharat Dynamics

Govt to sell up to 1.83 cr equity shares on Sept 8 & 9.

Floor price 330 at a 14% discount to yday closing price 384/sh

Amber Enterprises

launches QIP to raise around Rs 400 crore

at a floor price of Rs 1,798.72 per share. discount of 2.1%

ITI

Signs MoU with Ilantus Technologies to deliver solutions to government agencies, defence, PSUs and the banking sector.

ITI received a LOI from Bharti Airtel for fibre-to-home rollout in eight circles across the country.

EIH

Board Approves Raising Up To `350 cr Via Right Issue

Dr. Reddy''s

launches Fulvestrant Injection, 250 mg/5 mL (50 mg/mL) per Single-dose Syringe in the U.S. Market. --- cancer drug

Drug had sales of $407 million last yr 

BIG BROKERAGE Citi On IT Sector

FY22 Will See Benefit Of Pent-up Demand

Selectively Positive With Tech Mahindra, Infosys & HCL Tech As Top Picks

Have High Single-digit Revenue Growth Expectations For Large Caps In FY22

NOT Concerned About Moderate Appreciation In INR

THYROCARE/METROPOLIS/DR LAL

Maharashtra Govt Slashes RT PCR Covid-2019 Test Rates Conducted By Pvt Labs

According to the govts decision, the charges for picking for picking test samples from collection sites have been reduced to Rs 1200 from Rs 1900

CONCOR

Freight loading: Indian Railways registers over 10% jump, earns Rs 129.7 crore more YoY.

SUGAR STOCKS: 

Govt likely to announce Sugar export incentives for 6 million tonnes before the end of this month

10)Results

GIC RE 

net premium dn 25.6% at 14675cr vs 19699cr

Underwriting losses 1863cr vs loss of 846cr 

Net loss 497cr vs profit of 192 cr 

CG Power Q1FY21 - YoY

Revenue down 80% at Rs 362.7 cr vs Rs 1773.7 cr

EBITDA loss of Rs 107 cr vs gain of Rs 73 cr

Net loss of Rs 263 cr vs loss of Rs 74 cr

Weakness seen across power and industrial segments ​

Info Edge Q1FY21 YoY --GOOD 

Rev dn 10.5% to Rs 280.1 cr

Net profit up 24.7% to Rs 83.2 cr

Ebitda up 3.5% to Rs 104.6 cr 

Ebitda margin at 37.3% from 32.3% 

Billing down 44% to Rs 188.6 cr 

Exceptional loss of Rs 8.2 crore in the base quarter Lower ad cost

PARAG MILK

Q1Fy21 YoY

Pat 3.2cr vs 27.5cr

Rev 435.6 vs 629.7cr

Ebita 29.7cr Margin 6.8%

GRAUER &Weil Q1Fy21 QoQ

 income 65.99 cr vs 178.70 crores dn -63.07%

Profit 1.11 cr vs 22.10 cr dn 95%

11)Happy Trading

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