IGI Logo

Kotak Mahindra Bank (CMP: 1725)

The stock gained nearly a % with no major change in positioning in Mar series. After bouncing off from its support at 1660, the stock fared well in last 3 days of expiry. We believe stock has the potential to test 1780-1800 in near term and advocate to have a positive view in the stock.

Manappuram Finance(CMP: 121)

 The stock gained over 17% with decline of OI. Some long formation also visible in penultimate week of expiry. We expect the stock to continue its positive momentum in Apr series as well. Holding 113, the stock might inch towards 135 levels.

Power Finance Corporation (CMP: 151)

PFC gained over 2% with rise of 15% OI in Mar series suggesting Long formation. The stock bouncing off from its support at 145 witnessed long rolls in last day of Mar series. Holding 140, PFC is positively biased and expect it to test 160-165 levels in Apr series.

Vedanta (CMP: 285)

The stock corrected over 8% with addition of 25% OI in Mar series. The shorts are being rolled at good 95% suggesting short rolls that implies further correction in the stock. We advocate to have a negative view in VEDL and expect it to slide towards 268/260 levels in Apr series.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer