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18 Jul 2018 | 11:20 AM
Research Report

Equity Research Report: Rollover Report Sep'15

Nifty has rolled 67% v/s 66% , with respect to last month; even the open interest for the new Sep contract is more by around 44 lakhs. Bank Nifty rolled 67% v/s 79%, around 12% lesser with respect to the last contract possibly due to the RBI policy meet next week. Long rollovers in Bank Nifty and some short rollover in Nifty futures , might keep the market volatility active for next 7-10 trading sessions. The weighted average price for Nifty and Bank Nifty futures is at 8040 and 17270 respectively. These might act as the pivot for indices for the month of September. Put writing is seen at 7800 and call writing seen at 8300 strike respectively, with a total premium of around 162. Since Nifty futures has a higher open interest in this September contract which are majorly short positions and fresh Long build up seen in Bank nifty futures, we expect banking stocks to out-perform in the month of September.
28 Aug 2015 | 01:45 PM