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Showing posts from October, 2020

Pre-market analysis

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1)Nifty closed at 11670.80  down 0.50% and banknifty closed at 24092.00 down 0.58%. 2)Global market closed positive yesterday. today again will be volatile day with profit booking and short covering in some highly overbought and over sold scrips. 3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11637.80 down 0.28% 4) We may open flat or gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11700 and banknifty option pain is at 24000. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today Reliance Industries IndusInd Bank IOC UPL DLF JSPL Max Financial Services Deepak Nitrite Dixon Tech LT Foods Dhanuka Agri Just Dial S...

Pre-market analysis

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1)Nifty closed at 11729.60  down 1.34% and banknifty closed at 24232.50 down 2.17%. 2)Big sell offs in global market yesterday.but futures are trading positive today. Market will be very volatile with wild swings either side is possible. We can open in green too.  3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11678.80 down 0.35% 4) We may open flat or gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11750 and banknifty option pain is at 24100. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today   Maruti BPCL  BoB Canara Bank Aavas Financiers Aegis Logistics Havells Himadri Speciality Inte...

Pre-market analysis

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1)Nifty closed at 11889.40  up 1.03% and banknifty closed at 24769.40 up 2.88%. 2)Global markets closed mixed yesterday. 3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11863.25 down 0.10% 4) We may open flat or gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11800 and banknifty option pain is at 24300. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today  Axis Bank Dr Reddys Hero MotoCorp Titan L&T (To Also Consider Special Dividend) Marico Piramal Enterprises Cummins   9)Stocks in news HERO MOTOCORP Company & Harley-Davidson To Ride Together In India HeroMoto  To Sell & Service Har...

Pre-market analysis

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1)Nifty closed at 11767.75 up down 1.36% and banknifty closed at 24075.45 down 1.65%. 2)Global markets closed negative yesterday.Big sell off in us markets.today us futures are positive so can see recovery in our markets or sell off will not be so brutal. 3)Today, US and Europe futures are trading positive and asian markets are trading negative and sgx nifty future is trading at 11834.00 up 0.46% 4) We may open flat or gap up of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11750 and banknifty option pain is at 24000. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today  Bharti Airtel Tata Motors Amara Raja  ICICI Pru Life Castrol Ceat NAM India Network18 TV18 Broadcast VST Industries KPR Mi...

Pre-market analysis

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1)Nifty closed at 11930.35 up by 0.28% and banknifty closed at 24478.30 down 0.02%. 2)Global markets closed mixed on friday. 3)Today, US and Europe futures are trading negative and asian markets are trading mixed and sgx nifty future is trading at 11948.50 up 0.12% 4) We may open flat or gap up of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11800 and banknifty option pain is at 24200. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today  Kotak Bank SBI Life M&M Financial Torrent Pharma Finolex Industries GHCL   9)Stocks in news AUROBINDO PHARMA To dispose off business assets of Natrol LLC, a step down subsidiary in the USA to New Mountain capital Consideration at $550mn, The transactio...

Pre-market analysis

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1)Nifty closed at 11896.45 down by 0.35% and banknifty closed at 24484.15 down 0.61%. 2)Global markets closed positive yesterday. 3)Today, US and Europe futures are trading flat and asian markets are trading mixed and sgx nifty future is trading at 11909.80 up 0.09% 4) We may open flat or gap up of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11700 and banknifty option pain is at 24000. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today Nestle India Tech Mahindra JSW Steel Yes Bank ICICI Lombard General Insurance Heidelberg Cement Persistent Systems IDBI Bank Sudarshan Chemicals Mahindra EPC Huhtamaki PPL Aarti Drugs Alphageo Atul Ltd Rane Engine Valve Supreme Petro   9)Stocks in news KIRLOSKA...

Pre-market analysis

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1)Nifty closed at 11937.65 up 0.34% and banknifty closed at 24635.05 up 1.33%. 2)Global markets closed negative yesterday. 3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11891.50 down 0.21% 4) We may open gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11900 and banknifty option pain is at 24400. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  25000  for this week.this are very strong support and resistances as per oi chain. 8)Results today Asian Paints Bajaj Auto SBI Cards Ambuja Biocon Coforge Bharti Infratel L&T Finance HDFC AMC Indian Bank Sterlite Tech Alembic Pharma Crompton Cons Gokaldas Hexaware  Mphasis Pricol Subros Tube Investment UCO Bank   9)Stocks in news HINDUSTAN COPPER Board ...

Equitas SFB IPO : Apply or Avoid???

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About The Company Equitas Small Finance Bank Ltd. (ESFB) is one of the largest SFB in India in terms of number of banking outlets Second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019 Diversified Portfolio and  reduce its dependence on micro-finance business as compared to other micro-finance companies that have converted to SFBs. ESFB offers a range of banking products and services to customers with a focus on serving the financially un-served and under-served customer segments in India ESFB's distribution channels comprised 856 Banking Outlets and 322 ATMs across 17 states and union territories in India Business Areas The companies main bushiness comes from majorly following three areas : Small business loans which compromises of 41% of its business. Micro-Finance which  compromises of  23 % of its business. Vehicle loans compromise approximately 25% of the business Competitive Strengths A customer-centric organ...

Pre-market analysis

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1)Nifty closed at 11873.05 up 0.94% and banknifty closed at 24266.75 up 3.12%. 2)Global markets closed negative yesterday. 3)Today, US and Europe futures are trading positive and asian markets are trading mixed and sgx nifty future is trading at 11858.50 down 0.42% 4) We may open flat or gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11800 and banknifty option pain is at 24000. 7)Nifty may trade between  11500  and 1200 0  and banknifty may trade between  23500  and  24500  for this week.this are very strong support and resistances as per oi chain. 8)Results today HUL Hind Zinc Bombay Dyeing CRISIL CCL Products Granuels Kajaria L&T Infotech Mahindra CIE   9)Stocks in news L&T Emerged as the lowest bidder to build the largest segment of the upcoming high speed rail line between Mumbai and Ahmedabad Has bid ₹24,98...

Pre-market analysis

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1)Nifty closed at 11762.45 up 0.70% and banknifty closed at 23533.25 up 2%. 2)Global markets closed positive on friday. 3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11836.5 up 0.55% 4) We may open gap up of around 50-80 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11800 and banknifty option pain is at 23500. 7)Nifty may trade between  11500  and 1200 0  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 BRITANNIA HDFC LIFE ACC CENTURY TEXTILE RALLIS L&T TECHNOLOGY   9)Stocks in news #HDFCBANK RESULTS Q2 NII up 16.7% at Rs 15776.4cr vs Rs 13515cr,(est 15931cr) Net profit up 18.4% at Rs 7513cr vs Rs 6345cr,(est 7269.9cr) NIM is at 16qtr low of 4.1% vs 4.3%QOQ HDB Fin re...

Pre-market analysis

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1)Nifty closed at 11680.35 down 2.43% and banknifty closed at 23072.40 down 3.36%. 2)Global markets closed negative yesterday.Good recovery seen global markets yesterday. 3)Today, US and Europe futures are trading positive and asian markets are trading positive and sgx nifty future is trading at 11751.50 up 0.48% 4) We may open gap up of around 50-80 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11800 and banknifty option pain is at 23400. 7)Nifty may trade between  11500  and 1200 0  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 HCL Tech, Bajaj Consumer, Federal Bank, Phillips Carbon Black, Shoppers Stop, Tata Communications   9)Stocks in news Planning to raise up to Rs 2,000 cr through QIP as early as December 2020. The Karnataka-based lender co...

Pre-market analysis

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1)Nifty closed at 11971.05 up 0.31 and banknifty closed at 23874.65 up 1.63%. 2)Global markets closed negative yesterday. 3)Today, US and Europe futures are trading negative and asian markets are trading negative and sgx nifty future is trading at 11974.00 up 0.10% 4) We may open flat or  gap down of around 30-50 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11900 and banknifty option pain is at 23700. 7)Nifty may trade between  11700  and 1220 0  and banknifty may trade between  23500  and  24500  for this week.this are very strong support and resistances as per oi chain. 8)Results today   Mindtree / Cyient / South Indian Bank / Hathway #Boardmeet  Lakshmi Vilas Bank – Consider & Approve Rights Issue Rane Brake Lining – Result + Buyback Zodiac Clothing – Preferential Issue To Promoters 9)Stocks in news #INFOSYS Q2FY21 - good CC ...

Pre-market analysis

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1)Nifty closed at 11930.95 up 0.14% and banknifty closed at 23712.80 down 0.56%. 2)Global markets closed positive yesterday. 3)Today, US and Europe futures are trading negative and asian markets are trading mixed and sgx nifty future is trading at 11942.50 down 0.21. 4) We may open flat or  gap down of around 40-60 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11900 and banknifty option pain is at 23700. 7)Nifty may trade between  11700  and 1220 0  and banknifty may trade between  23500  and  24500  for this week.this are very strong support and resistances as per oi chain. 8)Results today Wipro Karnataka Bank Tata Steel Long 9)Stocks in news Telecom stock  July Telecom Data Rel Jio Adds 35.54 Lk Subscribers Vs Addition Of 45Lk In June.  MKT share 35% Airtel Adds 32.60 Lk Subscribers Vs Loss Of 11.3Lk Subscribers In June.  MKT ...

Pre-market analysis

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1)Nifty closed at 11914.20 up 0.67% and banknifty closed at 23846.80 up 2.83%. 2)Global markets closed positive yesterday. 3)Today, US and Europe futures are trading flat and asian markets are trading mixed and sgx nifty future is trading at 11992.50 up 0.26. 4) We may open gap up of around 40-60 pts and follow global futures as the day progresses. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 11850 and banknifty option pain is at 23500. 7)Nifty may trade between  11700  and 1220 0  and banknifty may trade between  23500  and  24500  for this week.this are very strong support and resistances as per oi chain. 8)Results today No major results today 9)Stocks in news Shilpa Medicare Gets A Warning Letter From US FDA For Its Jadcherla Facility In Telangana on 9th Oct . Jadcherla is a formulations unit produces oncology related products.   Indiabulls Housing  Co sells another  portion o...