Derivatives Monthly Rollover Report By Religare broking Ltd
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ICICI BANK(CMP : 1015)
The stock remained flat in the previous series but added more than 22% OI. The positions are being rolled at 97%. With good cash based buying in last 3 day of the series and the stock trading above weighted average price of 1002, we believe its poised to test 1060-1080 in the near term
NATIONALUM(CMP : 142):
The stock rose by around 10% with substantial OI addition of 78%. With rollovers at par but higher base suggesting participants carrying their directional bets. Holding the support at 128, we anticipate the stock to edge further higher in the coming days.
CROMPTON(CMP : 302):
The stock gained marginally with no major change in OI. With rollovers at par @ 97% with the previous series, we believe the stock is still carrying longs. Holding 288, we anticipate the stock to do good in February series.
HINDPETRO(CMP : 435):
The stock has witnessed a good run up off late and gained 3% in January series, But with unwinding of major positions and lesser rollovers, we believe the stock is poised to witness some profit taking at current levels. So keeping a stop at 465, be Negatively Biased in the stock.
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