IGI Logo

NIFTY

The Nifty June rollover reached 62.5% on Tuesday, an increase from 59.9% on the same day of the previous expiry, indicating stronger sentiment. This figure surpasses both the three-month average of 48.8% and the six-month average of 54.3%, suggesting higher rollover activity. The rollover cost in June increased to 0.43% on Tuesday from 0.41% on the same day of the previous expiry, reflecting a slightly higher cost for carrying forward positions. Bank Nifty’s June rollover was 54.47% on Tuesday, up from 50.62% on the same day of the previous expiry, showing improved rollover for the banking sector. However, this is lower than its three-month average of 55.7% and six-month average of 58.8%, indicating weaker rollover and some underlying caution in banking. The market-wide June rollover stood at 62.4% on Tuesday, a slight decrease from 64.4% on the same day of the previous expiry, showing a minor dip in overall market rollover. While it's higher than the three-month average of 61.5%, it's lower than the six-month average of 66.1%, suggesting a mixed but generally healthy rollover. The option data for the June series indicates a strong Call Open Interest (OI) at the 25,200-strike price, followed by 25,500. In contrast, a substantial concentration of Put OI is observed at 25,000, with additional levels at 24,800. This suggests the likely range for the current expiry is between 24,800 and 25,500

Nifty Rollover Vs Market-wide Rollover

Stock & Sector Highlights

* MANAPPURAM, TATACOMM, HINDCOPPER, CHAMBLFERT and ADANIENSOL saw higher rollover on Tuesday compared to same day of previous expiry. - RBLBANK, BIOCON, LICI, TATACHEM and JINDALSTEL saw lower rollover on Tuesday compared to same day of previous expiry.

* The highest rollover in current expiry for the day is seen in TVSMOTOR, WIPRO, JSWSTEEL, TATAELXSI and JSL.

* The Lowest rollover in current expiry for the day is seen in RBLBANK, BIOCON, LICI, CESC and INDIANB.

Sector-wise Rollover

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633