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Moneycontrol India :: News :: Trade concentrated around few momentum stks :: :: F&O Cues :: ISPAT,RPL,TTML
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Trade concentrated around few momentum stks
2008-05-06 14:15:14 Source : CNBC-TV18
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CNBC-TV18's, Research Analyst, Anichya Shah: No major directional cues coming from the F&O space. Trade concentrated around those few momentum boys that usually see height in trading activity when the Nifty remains in some sort of a range, you can see the total turn over is pretty subdued at about 15,000 crore what’s evident though is that when we are trading at a lower point of the day 5150 mark, significant along the long build ups were seen in the Nifty, so in a span of about half an hour, open interest build up went from about 10 lakh to about 17 lakh and the premium which is at about 8 to 10 point premium short of about a 22 point premium at that 5150 level on the cash market, focus on the trading boys today, RPL has seen a good open interest build up, from the trading favorite, up about a percent and good open interest build up of about 14 lakh shares holding a pretty strong premium IFCI this stock saw the fair bit of profit booking in  yesterday’s trading session, shed about 27 lakh shares in open interest has regained half of that open interest which was unwound yesterday, 14 lakh added here, owning a pretty strong CoC.

 

ISPAT another momentum stock, yesterday’s open interest build up, with today’s open interest build up could have added close to 50 lakh shares in open interest holding a pretty strong CoC and has ride a fair bit. Yesterday’s star TTML, has seen some bit of profit booking in today’s trading session added close to about 50 lakh shares yesterday, profit booking to the tune of about 11 lakh shares the CoC has come down but one trend we are seeing is the fair bit of short build up in the entire real estate space. Asia is one prime example 2.6 lakh shares is the net short build up in this stock. 

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