02-04-2024 05:15 PM | Source: Religare Broking
Derivatives Monthly Rollover Report By Religare Broking Ltd

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For the March Series, NIFTY closed at around 22,300 after Volume weighted average price (VWAP) based selling activity was witnessed in the second half of the day.

Nifty Futures contract Open Interest started with around 122 lakh vs 140 lakh in March. Bank nifty futures have seen an Open Interest of around 50 lakh vs 26 lakh in March. At expiry, VIX was at around 13% levels implying 720 odd points swing in the NIFTY in next 30 days. The highest Nifty April monthly options Open Interest is at 21000 PE and 23000 CE. Nifty 23000 Call Open Interest stands at around 49000 contracts and 21000 Put Open Interest at around 51000 contracts.In March series; Textile & Cement @ 96% are the sectors where highest rollovers were seen whereas Telecom & Metals @ 89% are the sectors where lowest rollovers were seen.

We believe AUTO, FMCG & BANKING are the sectors that can outperform the index in April series.IGL, ICICIPRULI, ADANIPORTS & NMDC are the stocks that can outperform the benchmark in the April series.


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