Reliance Ind is stock has been very strong since morning

CNBC-TV18, Research Analyst, Varinder Bansal : The roll over in the Nifty has been going strong because the market wide turn over and we can see that the Nifty wide turn over is around 64% and that has been the strong case and if you just see the last series, which was around 57%-58% but the important thing here is the 4300 call has been seen huge and there has been around 25% of open interest addition in this series and that has been a case even as 4300 or a 4400 level, so that is acting as a resistance for the market and 4100 put has seen huge put writing happening at those levels and that is being considered by most of the arbitragers as the base level for the market until and unless it breaks down but as I said at around 64% on the roll over front and we have seen an addition of nearly 82 lakh shares in the net front and the future is hovering around in 5-10 points in June series and in July series in 40 points which was the same case in the morning in the net front and the future is moving around that 5-10 points in the June series and the July series at around 40 points which was the same case in the morning.

One stock which will catch most of our eye will be Reliance Industries and this stock has been very strong since morning and has seen some long positions being added but there is a CoC a bit negative which is around Rs 4 going in the next series and the stock has seen around 12 lakh share in addition to the open interest and the stock is up nearly Rs 100 in the open interest which is around 4% and the roll over has just picked up for the stock in the last 2-3 hours and when we checked last the roll over was 55% and now the stock is seeing around 70% of the roll over, so it has picked up and the stock price also.

Bank of India is another stock where the rollover we have seen at around 70% which has just come on your screens and about 70% seen on Bank of India and the stock has seen a good CoC in the next series and has added 3.5 lakh shares in open interest and you can see the stock is nearly up Rs 10.

The fertilizer space is active whether it’s Chambal or Nagarjuna but in the F&O space we have seen again and the stock has added nearly 24 lakh shares in the July series and has seen the strong roll over for about 70 percent and the CoC is mildly in the positive case.

Power grid has been good, up nearly Re 1, on a base of around Rs 80 and has seen an addition in the next series and most of the Telecom sector is under the morning whether it is Reliance or any other and it is down nearly 2% in the open market and in the spot market and the stock has added nearly 21 lakh shares in the open interest with roll over of about 75%.