Pre-market analysis

1)Nifty closed at 11317.35 down 0.33% and banknifty closed at 22744.40 down 0.87%.

2)Global markets closed in negative yesterday.

3)Today, US and Europe futures are trading mixed and asian markets opened negative and sgx nifty future is trading at 11253.50 down 0.53%.

4) We may open gap down of around 70-80 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 11350 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 Ventures
Eveready Industries
Indiabulls Ventures
Texmaco Infra

9)Stocks in news.

HAL/BDL/BEL/BEML/MIDHANI
Bharat Forge/WALCHANDNAGAR/ Astra Microwave
Cabinet approved FDI in the Defence sector.  Under the Atmanirbhar Bhart package govt. announced, through automatic rout in Defence sector raised FDI limit from 49% to 74%  

POWER GRID
Cabinet Approves Asset Monetisation  Of Power Grid Subsidiaries
Cabinet Approves Asset Monetisation  Of Power Grid Arms Via InvITs
Govt: Power Grid To Monetise Identified Transmission Assets

OMC/PAINT/AVIATION :
Brent Crude slips below $40 for the first time since June 25 2020.


BDL
 BDL OFS Subscribed 1.40 Times  By Non-retail Investors
Govt Decided To Exercise  The Green Shoe Option 
Retail Investors Get Chance To Bid Tomorrow With Discount Of 20 On Cut Off Price

Big Blow to the Global Hope Trade-
AstraZeneca Pauses Trial Due To Unexplained Illness In One Of The Trials
Co says Pause Is A Routine Action As There Is A Potentially Unexplained Illness In One Of The Trials
Illness Is Being Investigated,Maintain Integrity Of Trials

INDIAN HOTELS/ EIH/ASIAN HOTELS NORTH /RADICO KHAITAN/ USL/GLOBUS SPIRITS/UBL
BARS , PUB will open in NEW DELHI
Hotels , Restaurants and clubs can serve alcohol

10)Results

SPENCER RETAIL : Q1FY21 (QoQ)
Rev from Ops 547cr vs 640cr 
loss of Rs 55cr vs (loss) of Rs.(49.26) loss up 10% 
Gross margin 20.5% vs 20.9%
Natures Basket Ltd reported standalone turnover of ₹108 crore and Gross Margin of 26.2% 



11)Happy Trading

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

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