Pre-market analysis

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 12000 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 ₹24,985 crore for constructing the 237.1 km line for the bullet train project, beating two other bids led by Tata Projects & Afcons Infra

L&T FINANCE
Private equity giant Blackstone is in advanced talks with L&T Finance to completely buyout the mutual fund business of L&T Asset Management Company

MRPL/ ONGC
MRPL To Buy 49% Stake In ONGC Mangalore Petrochemicals From ONGC For Rs 1220 Cr

HEXAWARE
Trading In Equity Shares Of Company To Be Discontinued w.e.f November 2, 2020

RELIANCE INDUSTRIES
Reliance Retail Receives Subscription Amount Of Rs 1837.50 Cr From TPG

L&T TECH
Q2-QoQ – Better Than Expected
$ Revenue Up 4.1% Vs Estimate of 2.9%
Margins up 160 Bps Vs Estimate of 110 Bps Increase
PAT Up 40% Vs Est of 28% increase
Company ups FY21 Revenue 
Guidance to 7 – 8% Revenue Decline Vs 9 – 10% decline seen earlier

HDFC LIFE
Q2 – Mostly In-Line, But Upper End Of Estimates & Margins Better
VNB at Rs 547 cr vs Rs 448 cr YoY Up 22%, vs Rs 291 cr QoQ Up 88%
VNB Margin at 25.6% vs 25.4% YoY +20 Bps, vs 24.3% in QoQ Up 130 Bps

ACC
Q3-YoY – Strong Performance
Revenue +0.3% at Rs.3537cr vs Rs.3,528cr
Operating profit +21% at Rs.671cr vs Rs.556.5cr
Margins at 18.97% vs 15.77% (Up 230 Bps)
Realizations contracted 2% qoq vs estimated 4% to 6% decline
PAT Up 20%

BRITANNIA
Q2-YoY – Mild Miss
Mild Miss on Topline & Volumes
Volumes at 9% vs Poll of 12-13%
All Other Parameters Largely In Line
Revenues +12%; EBITDA +37%
Margins @ 19.8% Vs 16.1% = Up 370 Bps
Benign Raw Material Costs and Cost Cuts Aid EBITDA Margins
PAT +23%

10)Happy Trading

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

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1)Nifty closed at 13529.10  up 1.02% and banknifty closed at 30709.40 up 1.48% 2)Global market closed negative yesterday. 3)Today, US and Europe futures are trading mixed and asian markets are trading positive and sgx nifty future is trading at 13509.20 down 0.50% 4) We may open flat or  gap down of around 50-80 pts and follow global futures as the day progresses. Today It sector may face profit booking, pharma should be support for not sp big fall in nifty. Being expiry today ,market will be volatile. 5)Support and resistance for nifty and banknifty 6)Nifty option pain is at 13450 and banknifty option pain is at 30500. 7)Nifty may trade between  13000  and 13500 and banknifty may trade between  29000  and 30500 for this week.this are very strong support and resistances as per oi chain.   8)Stocks in news     1- IRCTC 2- NBFC 3- SCI 4- MARUTI 5- PFIZER 6- FEDERAL MOGHUL 7- CEMENT STOCKS  8- M&M ...
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