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Moneycontrol India :: News :: Praj Ind adds 7 lakh shares in net OI :: :: F&O Cues :: Nifty future
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Praj Ind adds 7 lakh shares in net OI
2008-04-21 15:56:10 Source : CNBC-TV18
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CNBC-TV18's Head-Markets Research, Anuj Singhal has given F&O highlights.

The Option side is suggesting so, the PCR is going upto to 1.30 and the Put activity and the option activity in the next series is mainly at 5,000 Put and 5,100 Call. If one look at the near-term indicators, then the Nifty April 5,000 Call that has shed nearly 4 lakh shares in OI. So there is some real sense building among traders that 5,000 could have been achieved and that’s why one is seeing some sort of covering by the Call writers.

The Nifty rollover nearly 35% that looks good nearly 12 points premium and 38 lakh shares is the net OI build up. But the churn amongst the stocks continues and what has happened on Thursday’s trade, when Ispat has added huge OI no it has reversed that and has seen a cut of nearly 24 lakh shares, even on the day the stock is holding up and above Rs 1. Because we have seen the movement of the OI passing on to some other stocks its Tata Tele Maharashtra today, with a net build up of nearly 32 lakh shares, stock up in today’s trade with decent rollovers as well.

Sasken Communication has been a different story all together in today’s trade. The 4 lakh shares is quite low but on its base that’s decent 11% rollover and trading at premium in the next months futures.

Praj Industries is another stock that has done well with a build up of nearly 7 lakh shares most of it coming in the May series.

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