F&O trends: Top 15 stocks that should be on your buy or sell list
The benchmark indices are likely to move in a range of 300 points till the expiry of December series with strike price 7,900 acting as a strong base.
By Kshitij Anand, ETMarkets.com | Updated:
NEW DELHI: The Nifty50 started on a weak note on Monday and slipped below its crucial support level of 7,900. However, fresh Put writing at strike prices 7,700 and 7,900 is likely to lend support to the index, options data showed.
Nifty rolls stood at 35.22 per cent, which was higher than the three-month average of 14.16 per cent. Market-wide rollovers were low at 20.39 per cent, higher than the three-month average of 11.98 per cent ahead of Thursday’s expiry of December series F&O contracts.
Sectorally, auto, technology and telecom sectors witnessed high rollover of positions while media, oil & gas and financial stocks saw low rolls into the January series
The benchmark indices are likely to move in a range of 300 points till the expiry of December series with strike price 7,900 acting as a strong base while strike price 8,200 holds the second highest concentration of Call options.
The highest Put base is seen at the strike price 8,000 with 59 lakh shares while the highest Call base stood at strike price 8,300 with 56 lakh shares.
“Call options at strike prices 8,000 and 8,100 saw a fall in open interest by 1.1 lakh and 1.5 lakh contracts, respectively, while Puts at strike prices 7,800 and 7,900 saw additions of 3.6 and 2.3 lakh contracts in open interest, respectively," ICICI Securities said in a note.
Foreign institutional investors (FIIs) sold stocks worth Rs 1,463 crore while DIIs bought stocks worth Rs 1,615 crore in the cash market. FIIs sold Rs 654 crore worth of positions in index futures and Rs 699 crore worth of positions in index options.
The benchmark indices are likely to move in a range but plenty of action is likely on individual stock counters with significant rise or fall in open interest.
“We saw long build-up or OI additions on the counters of Cipla, Engineers India, ACC and HDFC while short buildup was seen in Divi’s Labs, Bharat Finance, ITC, and SBI,” the ICICI Securities report said.
“We saw short covering or OI shedding in Ceat, SRF, CESC and DHFL while long closure was seen in Federal Bank, Pidilite Industries, DLF and Biocon," it said.
F&O trends:
A rise in price along with a rise in open interest suggests long buildup. Here is a list of top stocks where long positions are building up.
A fall in price along with a rise in open interest suggests short buildup. Here is a list of top stocks where short positions are building up.
Nifty rolls stood at 35.22 per cent, which was higher than the three-month average of 14.16 per cent. Market-wide rollovers were low at 20.39 per cent, higher than the three-month average of 11.98 per cent ahead of Thursday’s expiry of December series F&O contracts.
Sectorally, auto, technology and telecom sectors witnessed high rollover of positions while media, oil & gas and financial stocks saw low rolls into the January series
The benchmark indices are likely to move in a range of 300 points till the expiry of December series with strike price 7,900 acting as a strong base while strike price 8,200 holds the second highest concentration of Call options.
The highest Put base is seen at the strike price 8,000 with 59 lakh shares while the highest Call base stood at strike price 8,300 with 56 lakh shares.
“Call options at strike prices 8,000 and 8,100 saw a fall in open interest by 1.1 lakh and 1.5 lakh contracts, respectively, while Puts at strike prices 7,800 and 7,900 saw additions of 3.6 and 2.3 lakh contracts in open interest, respectively," ICICI Securities said in a note.
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Foreign institutional investors (FIIs) sold stocks worth Rs 1,463 crore while DIIs bought stocks worth Rs 1,615 crore in the cash market. FIIs sold Rs 654 crore worth of positions in index futures and Rs 699 crore worth of positions in index options.
The benchmark indices are likely to move in a range but plenty of action is likely on individual stock counters with significant rise or fall in open interest.
“We saw long build-up or OI additions on the counters of Cipla, Engineers India, ACC and HDFC while short buildup was seen in Divi’s Labs, Bharat Finance, ITC, and SBI,” the ICICI Securities report said.
“We saw short covering or OI shedding in Ceat, SRF, CESC and DHFL while long closure was seen in Federal Bank, Pidilite Industries, DLF and Biocon," it said.
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F&O trends:
A rise in price along with a rise in open interest suggests long buildup. Here is a list of top stocks where long positions are building up.
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A fall in price along with a rise in open interest suggests short buildup. Here is a list of top stocks where short positions are building up.
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