Pre-market analysis

1)Nifty closed at 11278.00 down 0.35% and banknifty closed at 22267.00 down 2.10%.

2)Global markets closed in positive yesterday,huge rally after 2-3 days for fall.

3)Today, US and Europe futures are trading mixed and asian markets opened positive and sgx nifty future is trading at 11322.50 up 0.15%.

4) We may open gap up of around 50-60 pts and follow global futures as the day progresses.Banks need to support today to sustain positive and for huge rally if any.

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

6)Nifty option pain is at 11300 and banknifty option pain is at 22400.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 22000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 

HAL
Hindustan Copper
J&K Bank
Goa Carbon
West Coast Paper Mills
Jay Bharat Maruti

9)Stocks in news.

Sugar
Food ministry seeks Rs 5,600 crore to pay export subsidy dues of sugar mills

ICRA: up to 8% of overall loans will get restructured under the new framework

Banks in focus
Interest Waiver Case In SC, 10:30 AM

Indiabulls Housing –CMP 201.15
Launches QIP with base size of $60 mln, floor price of Rs 206.7/share
and  option of $40 mln to bolster its capital base & strengthen its balance sheet,
co is also Exploring Options For Part Share Sale In OakNorth Bank

Cadilla Health  
receives tentative approval from USFDA for Empagliflozin and Linagliptin Tablets”.—Drug controls blood sugar levels.

RCF : Starts Domestic Production Of Methanol On September 8

Max India: Promoter Creates Pledge On 16.4% Stake In Co On September 8

Goa Carbon :  produced 10,508.5 MT worth Rs 18.8 cr in August

SYNGENE
Receives ICMR approval for HiMedia & Company's COVID-19 antibody test kit, ELISafe 19
Alert : 
Test studies the percentage of population exposed to SARS-CoV-2 infection
helps identify immune status of COVID-19 recovered patients

10)Results

Indiabulls ventures: Q1FY21
PAT 12 cr vs vs Profit of 122 cr YoY  
Total Inc 390 cr vs 700 cr yoy
Provisons at Rs 23.3 cr vs Rs 649.4 cr QoQ (vs Rs 41 cr YoY)

11)Happy Trading

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

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