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Bank Nifty Share Price Technical & Derivative Report(21 Dec)

Bank Nifty Share Price | The benchmark indices continued to remain under pressure on<br>Thursday, trading over 0.5 per cent lower at noon deals weighed by a fall in metal and private<br>bank stocks amid a 25 basis points (bps) hike in key interest rate by the US Federal Reserve.

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Bank Nifty Share Price Technical & Derivative Report(21 Dec)

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  1. 21th December 2018 www.rudrainvestment.com

  2. Daily Trading Bites NIFTY SNAPSHOT INDEX NIFTY 50 BANKNIFTY OPEN 10,885.20 10,962.55 10,880.05 10,951.70 27,128.65 27,309.10 27,084.50 27,275.10 HIGH LOW CLOSE ADVANCE/DECLINE RATIO OPEN INTEREST AND VOLUME INDEX NIFTY INDEX CURRENT 21586650 PREVIOUS 21672675 % CHANGE 1.61 ADVANCES 24 NIFTY OI DECLINES 26 NIFTY VOLUME 131614 94427 39.38 BANKNIFTY OI 1618580 130469 162620 104808 1.38 24.48 UNCHANGED 00 BANKNIFTY VOLUME www.rudrainvestment.com

  3. NIFTY GAINERS NIFTY LOSERS SYMBOL CMP % CHANGE SYMBOL CMP % CHANGE GRASIM 828.50 3.09 YESBANK 186.80 4.04 SBIN 294.00 2.23 HINDPETRO 244.30 3.45 BHARTIARTL 315.85 2.12 BPCL 370.50 2.42 WIPRO 333.50 2.11 UPL 772.00 2.16 VEDL 203.10 1.81 HEROMOTOCO 3,372.30 2.03 www.rudrainvestment.com

  4. FII ACTIVITIES ( RS. IN CRORE) Market News: FII GROSS PURCHASE GROSS SALES NET PURCHASE/ SALES •ONGC board approves buyback of 252.9 million shares for Rs 40.22 billion. 19-DEC-2018 18-DEC-2018 17-DEC-2018 5900.74 4353.14 3220.76 4691.53 4208.38 3281.71 1209.21 144.76 60.95 •Banks to be closed for 5 days due to holidays, strikes in December. DII ACTIVITIES ( RS. IN CRORE) •Govt now set to bypass tribal rights to fast-track mining projects. DII GROSS PURCHASE GROSS SALES NET PURCHASE/ SALES •United Bank of India hikes deposit rates across select maturities by 0.25%. 19-DEC-2018 3730.98 4212.44 481.46 18-DEC-2018 2618.05 2800.65 182.60 17-DEC-2018 2421.03 2497.87 76.84 www.rudrainvestment.com

  5. NIFTY WRAP CHART NIFTY Outlook: Bank Nifty Share Price | The benchmark indices continued to remain under pressure on Thursday, trading over 0.5 per cent lower at noon deals weighed by a fall in metal and private bank stocks amid a 25 basis points (bps) hike in key interest rate by the US Federal Reserve. The US central bank raised the key interest rate by 25 bps to a target range of 2.25 per cent to 2.5 per cent but forecast fewer rate hikes for 2019. It, however, stuck by a plan to keep withdrawing support from an economy it views as strong. www.rudrainvestment.com

  6. Asia's central banks have little motivation to hike rates in 2019: Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year -- especially as U.S. rate hikes slow -- unless a new bout of currency weakness forces them to do so. The U.S. Federal Reserve on Wednesday raised rates for the fourth time this year, as expected, but signalled a slower pace of hikes in 2019 than it previously projected. The Fed policy outlook is a major factor driving emerging currencies in Asia and a less aggressive rate outlook next year generally eases foreign exchange selling pressure in economies like Indonesia, Philippines and India. Central banks in these countries hiked rates repeatedly this year to mitigate portfolio outflows and moderate inflation. On Thursday, Bank of Japan kept monetary policy steady and central banks in Taiwan and Indonesia were expected to do the same at their respective meetings. "What we forecast for Asia next year is based on the fact that the Fed is going to be more dovish and we have the same view after last night: there's much less pressure to tighten," said Irene Cheung, Asia strategist at ANZ. www.rudrainvestment.com

  7. DISCLAIMER: Trading/investing in Stock Market involves considerable risk; you may lose part or all of the initial investment. It is not ideal for all types of investors. Past performance may not necessarily be repeated in the future. The views & tips provided is based on information & analysis which is believed to be accurate. This information is provided to enable you to make your own investment decisions and should not be construed as investment advice. Rudra Investment not offer any product/service with assured/guaranteed returns. The anticipatory moves mentioned are purely subject to technical studies and does not take into consideration sudden currency volatility and data events. The author, directors and/or employees of Rudra Investment cannot be held responsible for the accuracy of the tips. For more information and terms & condition kindly visit our website. All information offered at Rudra Investment is copyright protected and copying or redistribution of information, reports and news is strictly prohibited. Our visitors do acknowledge that warranty that is offered in connection with services and products described herein is offered completely by the advertiser or supplier of that product and not by Rudra Investment. We do not warrant that access to our site and relevant services would be error free or uninterrupted that defects gets corrected. We are not accountable for viruses, irregularities, damage to the computers that result from availing, accessing or downloading any information from our website. For More Info Visit Here:-https://www.rudrainvestment.com/niftytips.php

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