Bank Nifty Tips Technical & Derivative report (24th December)

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24th December 2018

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Daily Trading Bites NIFTY SNAPSHOT

INDEX NIFTY 50 BANKNIFTY

OPEN HIGH LOW CLOSE 10,944.25 10,963.65 10,738.65 10,754.00 27,261.25 27,369.10 26,823.10 26,869.65

OPEN INTEREST AND VOLUME INDEX

ADVANCE/DECLINE RATIO INDEX

NIFTY

PREVIOUS 21672675

% CHANGE 3.10

ADVANCES

5

NIFTY OI

CURRENT 21678675

NIFTY VOLUME

196680

94427

108.28

DECLINES

45

BANKNIFTY OI

1572460 165846

162620 104808

0.63 58.23

UNCHANGED

00

BANKNIFTY VOLUME

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NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

SYMBOL

CMP

% CHANGE

HINDPETRO

250.10

2.31

IOC

139.80

5.44

BPCL

374.35

0.88

UPL

735.00

4.55

COALINDIA

252.20

0.66

ADANIPORTS

361.25

3.71

NTPC

149.95

0.44

ZEEL

446.05

3.44

POWERGRID

198.45

0.25

MARUTI

7,539.00

3.43

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FII ACTIVITIES ( RS. IN CRORE) FII

20-DEC-2018 19-DEC-2018 18-DEC-2018

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

3955.48 5900.74 4353.14

4341.92 4691.53 4208.38

386.44 1209.21 144.76

DII ACTIVITIES ( RS. IN CRORE) DII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

20-DEC-2018

2905.17

2817.21

87.96

19-DEC-2018

3730.98

4212.44

481.46

18-DEC-2018

2618.05

2800.65

182.60

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Market News: • Committed to paying any outstanding or disputed amount, RCom tells DoT. • Infosys appoints Bharti Airtel's Nilanjan Roy as chief financial officer. •Biocon increases presence in developed markets via biosimilars portfolio. • IL&FS to sell stake in education, investment management subsidiaries.


NIFTY WRAP CHART

NIFTY Outlook: Bank Nifty Tips | The broader Nifty50 index of the National Stock Exchange (NSE) lost 198 points or 1.81 per cent to close the session at 10,754. Heavyweights RIL, Infosys, TCS and HDFC Bank were the major contributors to the Index’s decline. global cues and across-the-board selling saw benchmark indices crashing nearly 2 per cent on Friday. www.rudrainvestment.com


Govt to infuse Rs 830 bn into PSBs, seeks Parliament's nod for Rs 410 bn: The government will infuse Rs 830 billion into public sector banks in the remaining months of 2018-19, taking capital injection into lenders to Rs 1.06 trillion in the year. Of this, it has sought Parliament’s approval for Rs 410 billion through the second batch of the supplementary demand for grants. The Budget had announced a capital infusion of Rs 650 billion. Among various objectives, the infusion is aimed at helping better-performing banks under prompt corrective action (PCA) to come out of the category, Finance Minister Arun Jaitley told reporters. The performance will be judged on the basis of decline in non-performing assets (NPAs), uptick in the provisioning coverage ratio, and reduction in risk-weighted assets. In technical terms, these banks will be helped achieve a 9 per cent capital to riskweighted asset ratio (CRAR), a 1.875 per cent capital conservation buffer, and a 6 per cent NPA threshold, Jaitley said. Financial Services Secretary Rajiv Kumar said there were three non-PCA banks that were near the PCA limit, and four-five PCA banks that could come out of PCA. www.rudrainvestment.com


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