Bank Nifty Share Price Technical & Derivative report (18th March)

Page 1

18th March 2019

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Daily Trading Bites NIFTY SNAPSHOT INDEX

OPEN

HIGH

LOW

CLOSE

NIFTY 50

11390.00 11532.50 11390.00 11473.70

BANKNIFTY

29078.75 29658.30 29040.25 29502.50

ADVANCE/DECLINE RATIO

OPEN INTEREST AND VOLUME INDEX

CURRENT

PREVIOUS

% CHANGE

NIFTY OI

20972850 165615 2725740 186004

18568425 100790 2592520 135483

12.94 64.31 5.13 37.28

NIFTY VOLUME BANKNIFTY OI BANKNIFTY VOLUME

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INDEX

NIFTY

ADVANCES

32

DECLINES

18

UNCHANGED

0


NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

SYMBOL

CMP

% CHANGE

HINDUNILVR

1701.00

2.09

YESBANK

245.05

1.92

RELIANCE

1323.75

1.33

KOTAKBANK

1325

4.65

IOC

155.95

3.21

HINDPETRO

275.00

2.94

POWERGRID

193.00

2.88

ITC

291.60

1.32

WIPRO

263.70

2.67

BHARTIARTL

337.95

1.30

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• Market News:

FII ACTIVITIES ( RS. IN CRORE) FII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

14-MAR-2019

5645.98

4162.99

1482.99

• CG Power extends gain stock zooms

13-MAR-2019

8602.7

5880.42

2722.28

106% from 52-week low.

12-MAR-2019

8613.9

6136.18

2477.72

• Titan Company set to join Rs 1-

DII ACTIVITIES ( RS. IN CRORE) DII

GROSS PURCHASE

GROSS SALES

14-MAR-2019

2805.84

13-MAR-2019 12-MAR-2019

• UPL hits new high rises 2% to Rs 921

after block deals.

trillion market cap club hits new high. • Oil demand concerns overdone,

3623.61

NET PURCHASE/ SALES 817.77

3332.87

4841.01

1508.14

• NGT order, focus on affordable

4184.73

5175.21

990.48

Brent to rally above $70 per bbl: Goldman.

housing to aid home decor players.

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NIFTY WRAP CHART

NIFTY Outlook: Bank Nifty Share Price | After surging 500 points in the intra-day trade, the S&P BSE Sensex witnessed a sharp fall at the fag-end of the session, mainly due to profit-booking to end at 38,024, up 269 points or 0.71 per cent. Financial stocks such as HDFC Bank and ICICI Bank contributed the most to the index's gains while Reliance Industries (RIL), ITC and Hindustan Unilever (HUL) emerged as the biggest drags The NSE's benchmark index Nifty50 closed above 11,400 level at 11,427, up 84 points or 0.74 per cent The index hit a high of 11,487 levels during the day Both Sensex and Nifty reclaimed their crucial levels of 38,000 and 11,400 levels, respectively in the intra-day trade after a gap of six months. www.rudrainvestment.com


Nifty PSU Bank at 2-month high PNB hits 6-month high on rating upgrades Shares of public sector undertaking (PSU) banks were continued their northward journey with Nifty PSU Bank index hitting two-month high on expectation of improve financial performance At 11:15 am, Nifty PSU Bank index the largest gainer among sectoral indices, was up 2.2 per cent, as compared to a 0.64 per cent gain in the benchmark Nifty50 index Nifty Bank and Nifty Private Bank indices were up 1 per cent each State Bank of India (SBI), Punjab National Bank (PNB), Oriental Bank of Commerce, Canara Bank, and Bank of Baroda were up in the range of 2 to 3 per cent on the National Stock Exchange (NSE) PNB was the top gainer among PSU banks, hitting six month high of Rs 87.25, up 3 per cent on the NSE. The stock of state-owned bank was trading at its highest level since September 3, 2018 In past one month PNB has rallied 24 per cent against 6 per cent rise in the Nifty 50 index he rating agency ICRA upgraded the outlook on all the long-term ratings and the medium-term rating has been revised to Stable from Negative The stable outlook factors in ICRA’s expectations of reduced asset quality pressure, improving solvency levels and expectations of improved earnings indicators in FY2020. The outlook will be revised to positive if the bank is able to demonstrate an improvement in the asset quality capitalisation and solvency levels, as per ICRA’s estimates, by limiting fresh slippages. www.rudrainvestment.com


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