Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  

| More

Rollover Analysis - Record foreign inflows pushes Nifty to 13k - YES Securities

Posted On: 2020-11-27 02:39:16 (Time Zone: Arizona, USA)

Record breaking FII's inflow driving the show as stellar moves seen on BankNifty which was up ~20% expiry to expiry lapping up gains of +40% in two back to back series, Indian markets exhibited massive record run as bazooka unleashed with ~7.6 bn$ flows in November series itself highest ever in single month. Highlights for the November series are a) Short squeezed followed by long buildup on Banking and Financials b) India VIX dropped below to ~20 mark as markets welcomed US election outcome c) Reliance massive underperformance in past two series as Banking made comeback to driving seat d) Record turnovers in F&O segment on expiry day indicates participation across the board.

Rollovers for Nifty/Bank‐Nifty stood at 79% (1.2cr shrs)/79% (14.8lakh shrs) vs 77% (1.05cr shrs)/73% (16.5lakh shrs) previous month, aggregate base of no. of shares rolled were higher ~15% compared to previous month on Nifty while roll cost expanded to ~50 points on expiry day as buoyancy seen at record close. Market wide rolls remained higher ~93% vs 3month avg. of ~91%, sharp declines in options implied vol's indicates traders bracing for consolidation of gains.

FII's derivative stats, index futures long rolls stood at 91% vs 3month avg. of 69% while index futures short rolls at 50% vs 62% on 3month avg. December series starts with index futures long to short ratio of 3.37x vs 3month avg. of 1.5x at start of series. On options front, Max. call/put OI on Nifty for December monthly series stands at 13k call (OI 2.5mn) and 13k put (OI ~2mn) contracts. Near term overstretched indicators suggests mild mean reversion possible as Index to consolidate and digest the gains made in past two series with wild intraday gyrations to continue.

Strategy for December 3rd series:

Bull call Ratio spread on Bank Nifty Dec series weekly expiry (3rd Dec): 3 leg Buy call strike 29,500 and Sell strike 30,000 call and Sell 30,500 call with outflow of ~58 points. (1:1:1) Target: 250/400 on spread Stop Loss: 31k on Bank Nifty Dec fut


- Banking stocks remained resilient with minor dips getting bought into, we expect momentum to carry forward next month.

- Moderation on gains possible going forward, strategy have fixed loss of outflow ~58 points on downside below 29,500 mark on 3rd Dec expiry.

Sector wise positioning:

- Banking & Fin: Sharp short covering seen on Banking stocks with SBI, HDFC Bank and Bandhan Bank saw aggregate shed in OI from previous expiry with strong gains.

- Auto: Maruti standalone on the only auto stock to close negative eoe basis, with hint of short buildup, Balkrishna saw massive jump in long buildup base of ~80% OI fresh addition.

- Energy: Reliance only stock negative in Oil & Gas space with bouts of shorts buildup seen at higher levels.

Source: Equity Bulls

Click here to send ur comments or to

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only., its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.

Other Headlines:

Wipro - Beware of integration / impairment risks! - ICICI Securities

Easy Trip Planners Ltd - IPO Review - ICICI Direct

ICICI Direct - Derivatives Weekly View (March 5): Level of 14700 remains crucial for upsides to continue...

Easy Trip Planners Ltd. - IPO - Strong Financials - Reliance Securities

Bharat Forge - Initiating Coverage - Constant evolution - HDFC Securities

Mahindra Logistics - Large-ticket deal win - ICICI Securities

Company Update - Huhtamaki India - ICICI Direct

Gladiator Stocks: IndusInd Bank, VIP Industries - ICICI Direct

Warehousing demand expected to grow around 160% to reach 35 million sq. ft in 2021: JLL

Telecom - Spectrum auction: Prudent investment by Bharti Airtel - ICICI Securities

JB Chemicals & Pharmaceuticals - Analyst meet takeaways - ICICI Securities

IPO Review - MTAR Technologies Ltd - ICICI Direct

Auto Sector - Monthly Volume Round-up - Feb 21 - Decent YoY Growth Continues

Aditya Birla Fashion and Retail - Focus on scaling up new businesses - ICICI Securities

Automobiles (wholesale) - Wholesales push continues despite modest retail trends - ICICI Securities

Aditya Birla Capital - Thoughtful (inclusive) conglomerate business evolution commands premium - ICICI Securities

Jubilant Foodworks - Buying in-the-money options - ICICI Securities

Multi Commodity Exchange of India - Play on rising commodity prices? - ICICI Securities

Gladiator Stocks - Sudarshan Chemical - ICICI Direct

Monthly Commodities Outlook - March 2021 - ICICI Direct

ICICI Direct - Monthly Currency Outlook: Rupee to depreciate further towards 75.00 level...

ICICI Direct - Covid Recovery Pulse - E-way bill generation in February 2021 starts on strong note...

Company Update - Virtual JLR Investor Event - Tata Motors - ICICI Direct

Analyst Meet Update - Aditya Birla Fashion and Retail - ICICI Direct

MTAR Technologies Ltd. - IPO - Huge Opportunities from Clean Energy Bodes Well - Reliance Research

ICICI Direct Derivatives Weekly View (February 26): Failure to move above 14700 may extend declines towards 14300...

Bank: Sector Credit Trends - Slows, Yet again - HDFC Securities

Piramal Enterprises - Pharma day highlights - ICICI Securities

Polymer price tracker - PVC prices rise sharply again! - ICICI Securities

Greenply Industries - Growth returns, at an inflection point - ICICI Securities

Tata Motors - JLR future proofing itself with rapid electric transition - ICICI Securities

Dairy - Higher freight cost and increase in Global SMP prices - ICICI Securities

Analyst Meet Update - Nestlé India (Hold): Focus on product innovation, expanding rural reach - ICICI Direct

MTAR Technologies Ltd - A strong player in booming high precision engineering... - Geojit

Rollover Report for February - March 2021 : Angel Broking

Reaction from industry experts on Q3FY21 GDP numbers

M. Govinda Rao, Chief Economic Adviser, Brickwork ratings on Q3FY21 GDP numbers

Mr. Dhiraj Relli, MD & CEO, HDFC securities views on Q3FY21 GDP Growth Number

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research on Q3FY21 GDP

Rollover Analysis - Feb 21, 2021 - YES Securities

Consumer Durables - Demand-driven recovery continues - HDFC Securities

Cement - Demand surprises; earnings upgrade to continue - ICICI Securities

Gladiator Stocks - TeamLease Services - ICICI Direct

Gladiator Stocks - Metals to outshine post multi-year breakout... - ICICI Direct

Company Update - Sundaram Finance - ICICI Direct

Indian pharmaceutical industry to meet an ambition of US$130 billion by 2030 through innovation-led growth: EY-FICCI report

4th Industrial Conclave - Bullish undertone, favourable valuation - HDFC Securities

Sanofi India - Weak quarter; sequential improvement - ICICI Securities

Sunteck Realty - All eyes on upcoming launches - ICICI Securities

Company Update - Tata Motors - ICICI Direct

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020