Moneycontrol
HomeNewsBusinessMarketsRIL, RBL Bank among 7 stocks that saw long rollover in July series
Trending Topics

RIL, RBL Bank among 7 stocks that saw long rollover in July series

Rollover in Nifty stood at 78.93 percent, which is higher than its quarterly average of 69.70 percent.

June 26, 2020 / 11:04 IST
Story continues below Advertisement

Jay Purohit

Nifty started the June series with some long positions. It started moving higher from the first session of the series and we witnessed the formation of long positions in the early days of June series.

Story continues below Advertisement

In-between, we witnessed some selling pressure on the index, but that corrective move was not supported by fresh shorts. Eventually, Nifty concluded the June series with the gains of 8.42 percent over its May expiry close.

We saw some long positions getting rolled to July series as open interest increased by 13.17 percent on series-on-series basis. Rollover in Nifty stood at 78.93 percent, which is higher than its quarterly average of 69.70 percent.