Bank Nifty Tips Technical & Derivative report (25th March 2019)

Page 1

25th March 2019

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Daily Trading Bites NIFTY SNAPSHOT INDEX

OPEN

HIGH

LOW

CLOSE

NIFTY 50

11569.95 11595.75 11451.00 11478.00

BANKNIFTY

30000.40 30092.00 29572.00 29660.00

ADVANCE/DECLINE RATIO

OPEN INTEREST AND VOLUME INDEX

CURRENT

PREVIOUS

% CHANGE

NIFTY OI

21881550 165510 2513580 171428

21641625 103470 2667300 122809

1.10 59.95 5.76 39.58

NIFTY VOLUME BANKNIFTY OI BANKNIFTY VOLUME

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INDEX

NIFTY

ADVANCES

19

DECLINES

31

UNCHANGED

0


NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

SYMBOL

CMP

% CHANGE

BPCL

377.00

3.12

INFRATEL

315.30

3.00

TATAMOTORS

175.30

2.72

NTPC

134.10

3.75

LT

1395.00

1.76

ASIANPAINT

1471.20

1.03

JSWSTEEL

285.00

0.96

HINDPETRO

268.20

2.51

INFY

745.00

0.82

IOC

155.25

2.36

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• Market News:

FII ACTIVITIES ( RS. IN CRORE) FII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

20-MAR-2019

7252.39

5480.78

1771.61

19-MAR-2019

6162.01

4029.65

2132.36

18-MAR-2019

5570.03

3747.04

1822.99

DII ACTIVITIES ( RS. IN CRORE) DII

• Maruti

Suzuki extends fall on production cut report down 7% in four days. • Indian cos co-operating stopped

importing oil from Venezuela Trump admin. • Kansai Nerolac Paints slips nearly 5%

after CLSA downgrades to sell.

GROSS PURCHASE

GROSS SALES

20-MAR-2019

3319.03

4642.2

NET PURCHASE/ SALES 1323.17

19-MAR-2019

2957.25

4210.92

1253.67

• ITC surpasses HUL to reclaim title of

18-MAR-2019

2988.52

4257.43

1268.91

most valuable FMCG company in mcap.

• Aviation stocks extend gain; SpiceJet

surges 33% in two days.

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NIFTY WRAP CHART

NIFTY Outlook: Bank Nifty Tips | Snapping its eight-day rally, the S&P BSE Sensex ended 222 points lower at 38,165 as investors booked profit in recent gainers. Besides, selling in auto stocks too weighed on the sentiment Industry heavyweights Reliance Industries (RIL), HDFC Bank, SBI and Maruti contributed the most to the index's losses Out of 30 components of the index only 10 scrips ended in the green and rest in the red The broader Nifty50 index of the National Stock Exchange (NSE) ended below the crucial 11,500 level at 11,457, down 64 points or 0.56 per cent Market breadth remained in favour of declines as out of 2,859 companies traded on BSE www.rudrainvestment.com


Larsen & Toubro nears 52-week high after Mindtree stake buy stock up 3% Shares of Larsen & Toubro (L&T) rose 3 per cent to Rs 1,415 in intra-day trade on Friday, extending their Wednesday gain on the BSE, even as brokerages firm maintain buy rating on the stock after the company proposed to acquire IT firm Mindtree The stock is 3 per cent away from its 52-week high price of Rs 1,459 that it hit on December 21, 2018, in intra-day trade. It touched an all-time high of Rs 1,470 on February 1, 2018, on the BSE At 10:29 am L&T was the top gainer among benchmark indices S&P BSE Sensex and Nifty 50 L&T has signed a binding agreement to acquire 20.32 per cent of Mindtree shares at a price of Rs 980 per share from a long-term investor. The firm now plans to up its stake in Mindtree to 66.32 per cent for a total outlay of Rs 10,730 crore through open offer and open market purchases The engineering conglomerate said the objects of Mindtree acquisition was to grow the company's revenue and profit of the asset-light services business portfolio as well as the consolidated group performance, thereby increasing the consolidated return on equity and further diversify the consolidated group revenue and profits into the information technology and technology services areas and accordingly acquire a controlling stake in Mindtree The acquisition is expected to be value accreting for both the company's shareholders and the Mindtree's shareholders in the medium-to-long term L&T said. www.rudrainvestment.com


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