Idea adds around 21 lakh shares in open interest

Idea has looked smarter in last week and today also the stock is up nearly Rs 5 in the spot market. It added around 21 lakh shares in open interest. All and all strong show is happening in the F&O side.
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Dec 08, 2008, 03.37 PM | Source: CNBC-TV18

Idea adds around 21 lakh shares in open interest

Idea has looked smarter in last week and today also the stock is up nearly Rs 5 in the spot market. It added around 21 lakh shares in open interest. All and all strong show is happening in the F&O side.

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Idea adds around 21 lakh shares in open interest

Idea has looked smarter in last week and today also the stock is up nearly Rs 5 in the spot market. It added around 21 lakh shares in open interest. All and all strong show is happening in the F&O side.

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Here is a verbatim transcript of Varinder Bansal's comments on CNBC-TV18. Also watch the accompanying video.

The activity has picked up around Rs 20,000 crore on F&O turnover. Importantly the band for the market is going high in the options category. We are seeing that the band has increased to around 2,700 to 3,000, earlier it was around 2,500 to 2,900. But now we are seeing that there is call writing happening at 2,900 and 3,000 and a call writing happening at 2,600-2,700. Things are looking good and also there is huge build up happening in most of the realty and metal stocks.

DLF is where the action has been seen since Rs 170 mark. Today the stock is up nearly Rs 15, added around of 6.5 lakh shares in open interest.

NTPC has been looking strong since the level of Rs 135. Today again it has gained around Rs 8 in the spot market and has added nearly 35 lakh shares in open interest.

Suzlon was one of the weakest stocks last week. We have seen the stock picking up last week at the levels of around Rs 37-38 and the stock has been continuously building on that strength. The stock is up nearly Rs 4 today and has added nearly 21 lakh shares in open interest.

Idea has looked smarter in last week and today also the stock is up nearly Rs 5 in the spot market. It added around 21 lakh shares in open interest. All and all strong show is happening in the F&O side.

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Idea adds around 21 lakh shares in open interest

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