Bank Nifty Share Price Technical & Derivative report (13th March)

Page 1

13th March 2019

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Daily Trading Bites NIFTY SNAPSHOT INDEX

OPEN

HIGH

LOW

CLOSE

NIFTY 50

11256.05 11352.55 11252.60 11325.30

BANKNIFTY

28240.00 28578.20 28210.60 28,500.00

ADVANCE/DECLINE RATIO

OPEN INTEREST AND VOLUME INDEX

CURRENT

PREVIOUS

% CHANGE

NIFTY OI

18212625 154667 2493060 138239

16156500 113864 2108940 80162

12.72 35.83 18.21 72.44

NIFTY VOLUME BANKNIFTY OI BANKNIFTY VOLUME

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INDEX

NIFTY

ADVANCES

30

DECLINES

19

UNCHANGED

1


NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

BHARTIARTL

350.50

5.00

ICICIBANK

388.70

INDUSINDBK

SYMBOL

CMP

% CHANGE

EICHERMOT

22369.90

2.62

3.42

BAJFINANCE

2753.00

1.36

1563.70

3.24

INFRATEL

316.00

1.16

LT

1389.00

3.15

HINDPETRO

261.00

0.91

ADANIPORTS

361.30

2.82

JSWSTEEL

290.10

0.87

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• Market News:

FII ACTIVITIES ( RS. IN CRORE) FII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

11-MAR-2019

8163.17

4352.57

3810.6

• Reliance Industries, Axis Bank, Titan

08-MAR-2019

5038.53

3943.47

1095.06

UPL from Nifty 50 hit record highs.

07-MAR-2019

5349.39

4211.54

1137.85

• Larsen & Toubro gains 4% on

DII ACTIVITIES ( RS. IN CRORE) DII

GROSS PURCHASE

GROSS SALES

11-MAR-2019

3317.7

5273.25

NET PURCHASE/ SALES -1955.55

08-MAR-2019

2944.86

3415.56

470.07

07-MAR-2019

3111.73

4037.19

-925.46

• Airtel to sell 32% stake in Bharti

Infratel may pocket over Rs 18K cr.

winning multiple orders; up 10% in two weeks. • ICICI Bank hits record high of Rs 388

up 11% thus far in March. • Matrimony.com zooms 43% in two

days on FPI buying.

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NIFTY WRAP CHART

NIFTY Outlook: Bank Nifty Share Price | Extending their rally benchmark indices ended over 1 per cent higher on Tuesday driven by gains in financials and energy counters The S&P BSE Sensex ended at 37,535.66, up 481.56 points while the broader Nifty50 index settled at 11,301.20, up 133 points Among sectoral indices the Nifty Bank and Nifty Private Bank hit all-time highs during the intra-day trade, with ICICI Bank, IndusInd Bank being the top gainers The indices settled at 28,443.70 and 16,257.90, respectively In the broader market the S&P BSE Midcap index ended up 98 points or 0.65 per cent higher at 15,192.84, www.rudrainvestment.com


Rupee at two-and-a-half month high of 69.56 vs USD as foreign inflows surge The Indian rupee rose to its highest in two-and-a-half months on Tuesday, buoyed by strong foreign inflows into shares, dealers said The absence of the Reserve Bank of India's intervention in the forex market added to the rise they added The rupee rose as high as 69.56 per dollar, its strongest since Jan. 2 and 0.47 percent firmer than Monday's close of 69.89. By 0558 GMT, it was slightly off the session peak at 69.59. Foreign inflows into Indian stock markets have surged after the odds of Prime Minister Narendra Modi coming back to power for a second term increased on the back of a wave of patriotism following India's military strike on Pakistan in retaliation for a suicide attack in the disputed Kashmir region In addition most exporters bring back their dollars to India towards the end of the fiscal year to settle their annual accounts and repayment of debts which increases inflows Typically the rupee rises in March due to seasonal factors. But this time the Modi factor is also getting quite a bit of inflows said a forex dealer at a state-run bank The RBI (Reserve Bank of India) also seems to be waiting for the rupee to touch a specific level rather than come in intermittently and intervene I expect RBI to intervene if the rupee rises to 69.50. According to Refinitiv data since 2016 three out of four times barring 2018, the rupee has moved within a 3 percent range in the month of March. . www.rudrainvestment.com


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