Rollover report may june 2010-

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Rollover report may june 2010-

  1. 1. Rollover Report India Research May 28, 2010 Unlike last month, where significant long positions were rolled over, this time in Nifty (65.99%) it has been less, as in May we first observed long unwinding and then furious formation of short positions, especially by FIIs. Low rollover indicates that shorts have not rolled over. This can be read in two ways. Either FIIs who were at helm of shorting index are not bearish anymore, hence not rolling their short positions or market may not get short covering support at lower levels. We prefer to take later option because had it been that FIIs are bullish, then in last two trading sessions, where Nifty bounced back 200+ points, they should have bought in cash market; they were net sellers. Even the implied volatility in puts has not declined meaningfully and is trading around 32.53% and 27.80% overall. We would suggest adopting cautious approach for initial part of June series and reduce long positions around 5100. Indices Change NIFTY & PCR Graph Price Change 3 month INDEX Price (%) Rollover avg. NIFTY 5003.10 (4.78) 65.99 70.03 BANKNIFTY 9258.45 (5.56) 72.21 71.51 MINIFTY 5003.10 (4.78) 59.38 61.73 NFTYMCAP50 2580.65 (7.74) 0.00 49.29 CNXIT 5713.60 (3.79) 57.26 59.00 Monthly Gainers Monthly Losers Price Ol Price Ol Change Open Change Change Open Change Scrip Price (%) Interest (%) Scrip Price (%) Interest (%) IOC 340.25 24.04 3225200 (22.88) ABAN 685.10 (42.03) 3096950 14.21 HINDPETRO 351.35 19.16 5166550 (15.91) ONMOBILE 258.90 (32.99) 626350 16.44 BPCL 572.75 16.58 2202200 (16.74) EDUCOMP 461.85 (31.30) 4166375 33.20 UNIPHOS 169.75 14.93 2309200 (32.51) MLL 44.75 (24.41) 14307100 31.70 FEDERALBNK 327.20 12.42 1300328 97.42 HINDZINC 945.55 (23.13) 569000 41.19 Note: Stocks which have more than 1000 contract in Futures OI. Note: Stocks which have more than 1000 contract in Futures OI. Sector-wise Open Interest and Rollover SEBI Registration No: INB 010996539 For Private Circulation Only 1
  2. 2. Derivative Report | India Research Banking and Financials  Banking heavy weights like ICICIBANK (64.04%) and HDFC (64.61%) have shown less rollover. We don’t expect them to go significantly up from current levels. Avoid fresh positional longs above 880 and 2800 respectively in them.  IDBI (90.03%) has seen high rollover and these are short positions. Stock has good support around 100-102. Short covering bounce can be expected there.  FEDERALBNK (89.86%) has been outperformer in banking and long positions got rolled over along with significant rise in open interest. Investors may get dips in this counter to re-enter again. Metal and Mining  Barring SAIL (63.11%) most of the counters in metal space have witnessed high rollovers. We believe the pain may continue in them after initial bounce back in the form of short covering. Sell on rise is advisable for Metals in June series.  STER (87.42%) has added significant OI. In bounce back due to short covering this counter may be outperformer and in falls may not go below 600 which is very strong support for it.  HINDALCO (73.09%) is very light in terms of OI. Thus, don’t expect any meaningful bounce and it may underperform and is sell on rise counter. Oil and Gas  ONGC (65.54%) has shown less rollover and here we have buy on dips approach. Near 1050 it is good buy, may not go above 1150.  High rollover was witness in HINDPETRO (89.60%). Inverse correlation with crude suggests that some unwinding of long should be expected but may not correct significantly and remains buy on dip counter.  RELIANCE (70.76%) rolls were bit less but counter has managed to hold itself above its support of 980. Be watchful in this counter, we don’t expect significant upside in it and support will be put to test again in June. For Private Circulation Only SEBI Registration No: INB 010996539 2
  3. 3. Derivative Report | India Research Auto and Auto Ancillary  Significant Long rollovers have taken place in ASHOKLEY (81.24%). Immediate support for the stock is around 56 levels.  TATAMOTORS (73.52%) has seen less rollover and has also reduced OI. We believe counter may again see its support which is around 670 after initial bounce back in June series.  We maintain our view of accumulating MARUTI (79.94%) in the range of 1150-1200.  BHARATFORG (88.45%) and BOSCHLTD(50.00%) have shown highest and lowest rollover in this space respectively. Information Technology  All three heavy weights of the sector INFOSYSTCH (60.35%), TCS (60.06%) and WIPRO (67.73%) have witnessed very less rollover. We expect them to be more in range in June and volatility in them may substantially decrease.  Mid-cap IT counters like FSL (91.02), POLARIS (91.21) and ROLTA (89.60) have shown decent rollover. Midcap in this space may be more volatile in June series.  ICSA (93.96%) has shown highest rollover. Counter has good support around 115 levels. Telecom  Telecom majors compared to last month have shown less rollover in percentage terms but absolute open interest has increased. There are significant shorts standing. We don’t expect any meaningful correction in them from current levels.  IDEA (80.84%) has strong support around 47 levels. Covered call writing can be done in this, if it comes around 48 by selling 50 strike call.  BHARTIARTL (76.91%) and RCOM (86.67%) have strong support around 855 and 132 respectively. For Private Circulation Only SEBI Registration No: INB 010996539 3
  4. 4. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) AUTO & AUTO ANCILLARIES APOLLOTYRE 65.85 (7.90) 5401600 (30.17) 8.91 0.07 81.62 83.15 AREVAT&D 267.60 (1.24) 2469000 7.51 7.55 0.00 90.80 91.11 ASHOKLEY 60.00 9.19 21687650 84.33 7.60 0.22 81.24 75.73 BAJAJ-AUTO 2114.80 1.73 504125 (53.16) 1.85 0.00 85.76 79.87 BHARATFORG 262.45 (3.32) 4608000 (10.52) 5.96 0.29 88.45 86.16 BOSCHLTD 4916.40 0.37 6400 (17.95) 6.58 0.00 50.00 63.71 HEROHONDA 1898.80 3.62 2205600 14.29 (11.98) 0.95 72.23 80.87 M&M 528.45 0.95 6192210 6.50 2.96 0.47 74.29 81.92 MARUTI 1238.15 (3.97) 3269850 (17.41) (12.95) 0.66 79.94 84.33 TATAMOTORS 741.75 (11.96) 12256550 (21.67) 1.41 0.38 73.52 74.37 BANKING & FINANACIALS ALBK 155.00 (9.73) 1361300 (51.68) 5.89 0.25 84.88 74.85 ANDHRABANK 129.80 1.76 2403200 (59.45) (41.68) 0.19 77.22 74.14 AXISBANK 1215.80 (4.58) 4413750 (17.31) 0.64 3.43 75.15 77.98 BANKBARODA 717.90 3.80 1855000 (6.33) (40.04) 0.00 69.47 70.33 BANKINDIA 316.50 (17.65) 2204600 2.77 6.18 0.25 81.47 75.74 CANBK 395.50 (2.10) 1560500 (6.76) 5.27 2.20 76.98 68.48 DENABANK 85.80 (1.27) 6380250 (29.55) 7.60 0.09 78.69 81.78 FEDERALBNK 327.20 12.42 1300328 97.42 8.17 12.67 89.86 76.25 HDFC 2763.80 (2.43) 2046900 (4.70) (2.48) 0.76 64.61 78.31 HDFCBANK 1896.60 (4.49) 3452400 13.73 (11.20) 0.55 67.02 68.54 ICICIBANK 856.80 (9.53) 14426200 4.69 (17.34) 0.82 64.04 72.00 IDBI 109.85 (10.40) 17208800 11.76 7.71 0.07 90.03 81.72 IDFC 154.55 (8.71) 14113200 1.14 (15.18) 0.33 71.01 78.33 IFCI 51.10 (0.78) 91157640 (1.04) 8.93 0.23 90.22 89.77 INDIAINFO 94.65 (12.32) 10874000 (8.24) 9.64 0.07 91.26 89.65 INDIANB 214.60 (2.12) 2395800 34.94 (22.17) 0.90 82.74 77.91 IOB 89.00 (6.37) 4378000 (35.98) 10.99 0.21 85.18 86.40 KOTAKBANK 755.70 3.69 3260950 6.96 (13.28) 0.04 73.96 86.18 LICHSGFIN 923.40 (2.15) 1475950 (7.07) 5.65 0.48 90.76 87.90 ORIENTBANK 323.15 (6.66) 1034400 (12.58) (20.57) 0.48 66.36 79.05 PFC 282.55 3.03 514800 11.14 4.84 0.00 59.44 73.41 PNB 988.00 (4.19) 1965550 (5.48) (15.24) 0.07 76.94 79.92 RECLTD 272.00 5.28 4270500 (8.79) 9.59 0.42 85.71 72.83 RELCAPITAL 641.90 (12.04) 6376388 (14.58) 4.77 0.23 82.65 84.71 SBIN 2219.40 (2.40) 4202685 20.49 (9.72) 0.54 70.38 71.04 SYNDIBANK 87.90 (5.28) 2584000 (20.00) (37.08) 0.05 81.03 80.10 For Private Circulation Only SEBI Registration No: INB 010996539 4
  5. 5. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) UCOBANK 73.40 4.78 10655000 (12.12) (6.22) 0.32 82.03 84.13 UNIONBANK 290.50 (8.10) 1244250 (37.76) (22.89) 0.00 59.58 68.71 VIJAYABANK 54.45 3.32 11749700 (28.60) 8.38 0.17 82.91 89.26 YESBANK 267.20 (8.88) 4850600 (5.49) (2.93) 0.22 83.04 82.22 CAPITAL GOODS ABB 849.50 5.79 1627250 8.23 (0.69) 1.70 65.26 79.26 APIL 571.45 (6.07) 253400 0.08 7.64 0.00 73.24 77.57 BEL 1662.25 (8.54) 357972 (35.12) 12.70 0.00 80.96 85.36 BEML 963.90 (8.15) 179250 (11.32) 12.71 0.00 78.24 82.86 BGRENERGY 572.55 (0.79) 63600 (54.44) 8.77 0.00 74.21 79.41 BHEL 2296.35 (8.16) 2579900 14.91 5.17 1.06 79.50 82.57 CROMPGREAV 237.70 (5.54) 1576000 (37.89) 0.27 0.00 83.90 73.98 CUMMINSIND 542.70 (6.13) 294750 (28.84) 5.04 0.00 54.55 58.66 LT 1628.85 1.83 4658925 33.58 2.96 0.72 68.81 73.02 PRAJIND 78.30 (16.35) 7717800 4.25 (4.16) 0.37 87.23 88.03 SIEMENS 703.40 (0.64) 1497480 13.02 2.50 2.17 57.11 68.98 VOLTAS 170.95 (4.55) 1605800 (27.91) 6.86 0.06 87.56 80.95 CEMENT ACC 818.30 (8.60) 2414420 5.16 (0.16) 0.34 69.94 82.48 AMBUJACEM 109.15 (12.01) 17170212 9.71 (8.96) 0.66 79.54 82.68 GRASIM 1872.30 (32.37) 110750 (82.50) (5.22) 0.14 91.08 81.04 INDIACEM 109.50 (14.05) 13474850 (16.56) 6.55 0.03 97.72 92.48 ULTRACEMCO 937.25 (7.69) 1051200 5.58 (0.49) 0.00 91.97 90.91 CHEMICAL & FERTILIZERS CHAMBLFERT 55.75 (14.76) 10592250 1.63 8.18 0.06 88.11 83.57 NAGARFERT 28.35 (10.85) 19441250 (0.91) 6.90 0.07 89.44 89.97 TATACHEM 327.90 (5.12) 1513900 31.01 (8.75) 21.00 69.77 74.57 UNIPHOS 169.75 14.93 2309200 (32.51) 6.14 0.46 78.96 83.74 CONSUMER GOODS & FMCG ASIANPAINT 2106.45 1.50 19000 0.00 3.84 0.00 63.16 63.67 COLPAL 713.60 (2.60) 254100 44.38 14.98 0.00 81.82 69.42 HINDUNILVR 233.00 (1.10) 17921000 (36.09) (10.91) 0.75 82.65 81.26 ITC 275.90 3.28 18330125 56.68 (46.07) 0.34 63.28 66.82 KSOILS 59.15 (12.37) 12305500 1.54 8.82 0.07 90.51 87.56 MCDOWELL-N 1163.75 (3.92) 1457250 (17.74) 4.03 0.00 88.51 86.50 MCLEODRUSS 181.10 (18.52) 4638800 4.23 10.44 0.00 89.81 78.62 TATATEA 1007.65 (1.56) 795250 93.56 8.73 0.17 72.27 81.44 TITAN 2181.25 3.43 228248 (26.48) 5.89 0.80 82.22 73.97 For Private Circulation Only SEBI Registration No: INB 010996539 5
  6. 6. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) HOTEL HOTELEELA 44.85 (9.67) 5130500 (38.37) 10.17 0.13 87.87 82.17 INDHOTEL 96.40 (9.01) 5308432 (1.78) 7.44 0.16 84.26 84.98 INFRASTRUCTURES GMRINFRA 57.30 (13.18) 24779500 (7.64) 6.82 0.09 93.78 80.51 GVKPIL 41.00 (8.99) 19419750 (17.07) 3.18 0.03 90.41 88.36 HCC 106.10 (17.78) 7828800 (8.96) 0.00 0.19 85.89 82.26 IVRCLINFRA 152.65 (16.20) 5850000 9.10 7.26 0.80 85.04 80.52 JPASSOCIAT 123.85 (16.20) 27543448 2.33 6.84 0.23 83.29 82.32 LITL 60.45 (4.43) 22019100 (2.75) (10.78) 0.23 88.44 86.71 MUNDRAPORT 669.80 (9.63) 1167800 (29.17) 6.03 6.25 90.42 85.39 NAGARCONST 170.45 (9.55) 2602000 (31.71) (1.53) 0.00 76.10 70.06 NOIDATOLL 26.85 (18.88) 15932400 (1.57) 12.14 0.06 87.03 85.31 PATELENG 362.80 (21.92) 642000 3.88 5.93 0.00 88.47 73.01 PUNJLLOYD 134.00 (18.22) 15354000 (11.32) 2.43 0.06 91.80 91.03 RELINFRA 1054.60 (6.30) 4638904 (14.86) 10.63 0.35 89.51 91.07 INFORMATION TECHNOLOGY EDUCOMP 461.85 (31.30) 4166375 33.20 7.06 0.03 79.94 83.82 FINANTECH 1278.40 (16.34) 981400 (2.65) 8.97 0.00 93.66 92.04 FSL 25.65 (13.93) 30166000 0.07 10.16 0.10 91.02 86.42 HCLTECH 370.15 (3.97) 2927600 0.67 (11.62) 0.17 76.47 67.57 ICSA 123.55 1.56 5605200 20.14 9.50 0.20 93.96 87.13 INFOSYSTCH 2643.35 (2.43) 3272850 9.65 1.95 0.66 60.35 68.96 MOSERBAER 57.50 (21.18) 5912400 (11.03) 2.27 0.00 90.92 86.12 MPHASIS 598.95 (8.59) 2362400 9.65 6.96 0.10 84.80 85.68 OFSS 2099.15 (3.04) 261600 (45.05) 9.22 0.00 82.00 90.01 PATNI 546.65 2.27 1277100 67.64 2.15 1.00 68.55 63.07 POLARIS 177.95 (3.81) 2007600 (19.80) (1.47) 0.00 91.21 81.18 ROLTA 163.30 (11.37) 2785400 (1.94) 9.98 0.14 89.60 78.33 TCS 741.85 (2.36) 6932500 (28.06) (20.82) 0.53 60.06 74.48 TECHM 620.55 (19.23) 2409950 (9.88) 9.35 0.19 80.63 82.30 WIPRO 657.45 (4.70) 2825900 (7.76) 1.98 1.59 67.73 74.70 LOGISTICS CONCOR 1209.65 (6.94) 22500 (26.83) 8.94 0.00 71.11 72.26 EKC 129.20 11.91 6316000 70.52 10.09 0.13 80.02 84.16 GESHIP 289.85 (13.79) 736400 6.91 (2.92) 0.00 77.02 79.49 KFA 40.60 (16.20) 15278250 2.30 19.26 0.01 92.80 90.24 For Private Circulation Only SEBI Registration No: INB 010996539 6
  7. 7. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) MLL 44.75 (24.41) 14307100 31.70 11.65 0.38 85.79 89.74 SCI 158.15 (3.30) 585600 (51.87) 8.24 0.38 71.31 75.88 MEDIA DCHL 118.20 (19.70) 3253800 (10.39) 14.34 0.00 60.71 83.77 DISHTV 38.05 7.18 20101550 (19.12) 6.85 0.27 93.39 87.38 RELMEDIA 163.60 (21.37) 2521600 (1.18) 11.55 0.00 90.15 89.91 SUNTV 401.90 (3.99) 160000 (17.53) 9.24 0.00 81.25 70.82 TV-18 78.85 (3.25) 5884500 7.23 8.27 0.11 91.04 90.73 ZEEL 277.35 (7.18) 2875600 (50.46) 4.47 0.00 70.01 79.70 METAL & MINING BHUSANSTL 1381.60 (22.78) 489750 27.37 11.18 0.00 80.47 76.83 HINDALCO 148.40 (17.69) 25084088 23.32 7.03 0.37 73.09 70.64 HINDZINC 945.55 (23.13) 569000 41.19 7.51 0.00 76.41 76.16 ISPATIND 17.40 (13.86) 85522800 2.24 7.49 0.15 91.48 89.52 JINDALSAW 181.45 (16.34) 10997000 (34.91) 8.98 0.16 91.55 86.08 JINDALSTEL 622.25 (16.29) 7614500 76.30 8.80 0.12 81.88 82.02 JSWSTEEL 1075.20 (12.76) 6810152 21.90 (10.12) 0.37 87.01 87.88 NATIONALUM 404.25 (0.81) 2119450 (7.01) (47.24) 0.50 83.32 87.16 SAIL 198.85 (10.27) 9799900 2.11 3.61 0.67 63.11 66.83 SESAGOA 337.30 (20.76) 21439000 (2.57) (3.86) 0.37 87.68 78.36 STER 644.05 (21.77) 10086004 45.27 5.06 0.88 87.42 77.44 TATASTEEL 492.35 (22.18) 27357496 33.38 5.16 0.25 86.10 82.79 OIL & GAS ABAN 685.10 (42.03) 3096950 14.21 (2.09) 0.30 83.95 85.04 BPCL 572.75 16.58 2202200 (16.74) 5.92 0.09 77.45 77.44 CAIRN 285.75 (7.48) 13877750 23.89 8.21 0.32 83.65 83.39 CHENNPETRO 244.50 (12.65) 844200 (5.25) 8.53 0.00 57.57 78.29 ESSAROIL 119.05 (14.20) 19178604 (3.20) 10.95 0.04 90.34 90.23 GAIL 452.15 8.65 4738500 (4.73) 2.02 0.66 71.79 69.77 GSPL 90.60 (5.23) 9294300 (20.89) 7.91 0.07 83.26 86.88 GTOFFSHORE 455.75 (3.47) 1376000 (10.47) (5.72) 19.00 77.73 73.21 HINDPETRO 351.35 19.16 5166550 (15.91) 3.90 0.08 89.60 83.84 IOC 340.25 24.04 3225200 (22.88) 6.51 0.14 88.06 86.38 MRPL 64.95 (12.88) 7342050 (7.20) 10.04 0.05 87.45 84.08 ONGC 1123.20 7.29 3133200 3.94 2.84 1.12 65.54 75.83 PETRONET 81.15 3.38 4311200 (34.72) (16.87) 0.22 76.22 82.49 RELIANCE 1022.25 (1.24) 16754150 (0.25) 7.91 0.22 70.76 78.41 RNRL 51.95 (23.09) 42258848 (5.97) 7.53 0.34 85.93 89.96 For Private Circulation Only SEBI Registration No: INB 010996539 7
  8. 8. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) PHARMACEUTICAL & HEALTH CARE AUROPHARMA 832.25 (12.10) 1578900 (9.70) 8.14 0.00 81.96 88.60 BIOCON 282.00 (6.78) 2526600 (31.50) 11.33 0.14 87.18 85.01 CIPLA 317.00 (4.72) 4100750 (30.57) 6.79 0.56 65.86 75.51 DABUR 180.10 (0.69) 610200 (3.00) 3.98 0.00 54.87 59.42 DIVISLAB 718.65 7.35 644180 (12.02) 5.35 0.00 74.88 84.89 DRREDDY 1331.60 7.44 1344100 43.05 (10.92) 0.00 77.35 89.01 FORTIS 149.50 (7.57) 10475200 (6.87) 8.28 0.06 95.01 90.64 GLAXO 1981.10 5.22 177900 118.82 4.57 0.00 58.35 77.17 LUPIN 1789.50 6.37 374850 (26.74) 7.21 0.00 76.94 82.22 OPTOCIRCUI 214.65 (4.47) 1250520 (10.38) 8.50 0.00 82.87 81.82 ORCHIDCHEM 132.85 (15.14) 5226800 (13.91) 13.25 0.03 89.51 85.35 PIRHEALTH 512.00 (5.21) 9248000 28.20 8.91 0.18 88.45 91.87 RANBAXY 414.05 (5.33) 4703900 5.43 9.45 0.31 83.79 78.61 STERLINBIO 107.40 (0.74) 4189500 29.61 7.28 0.00 55.66 74.10 SUNPHARMA 1635.15 3.00 770025 (3.57) 2.75 23.60 69.76 64.66 POWER CESC 360.05 (8.15) 485100 (7.35) 7.60 0.00 83.22 82.01 JPPOWER 64.10 (13.32) 6853125 (16.11) 2.03 0.06 83.08 89.27 NEYVELILIG 139.00 (9.00) 1598900 (29.10) 10.32 0.00 84.32 78.96 NTPC 197.35 (2.88) 24450375 20.28 4.62 0.30 77.68 82.94 POWERGRID 101.35 (8.24) 11161825 (0.06) 6.43 0.29 74.84 82.63 PTC 100.15 (11.29) 2105600 (26.50) 9.76 0.00 90.29 81.21 RPOWER 154.70 (5.58) 19554000 (11.15) 2.95 0.37 81.79 91.09 SUZLON 58.10 (14.37) 86158000 (8.43) 7.85 0.26 88.50 88.82 TATAPOWER 1246.20 (8.41) 2368200 36.64 (1.88) 0.08 79.32 77.35 REAL-ESTATE DLF 270.50 (12.57) 16300400 (1.63) 8.43 0.33 88.46 84.66 HDIL 210.40 (20.84) 16769100 (2.72) 9.60 0.09 90.80 88.44 IBREALEST 150.65 (5.61) 22729500 29.33 8.65 0.06 89.13 88.32 UNITECH 71.45 (13.76) 52391500 (13.91) 1.82 0.31 85.73 83.98 SUGAR BAJAJHIND 101.60 (17.20) 14857650 (0.53) 9.62 0.12 88.42 83.48 BALRAMCHIN 78.40 (4.45) 23102400 (11.95) 6.65 0.10 95.71 94.56 RENUKA 55.05 (9.38) 55540000 (16.68) 14.21 0.18 86.47 85.59 TRIVENI 92.20 (14.67) 8587500 5.86 11.31 0.25 86.42 85.72 For Private Circulation Only SEBI Registration No: INB 010996539 8
  9. 9. Derivative Report | India Research Price OI Average Change Change Rollover Rollover Scrip Price (%) OI Futures (%) COC (%) PCR-OI Over (3month) TELECOM BHARTIARTL 260.65 (12.05) 26452000 15.40 4.25 0.33 76.91 83.28 GTL 388.20 (3.42) 6576250 4.22 7.39 0.00 90.83 96.81 GTLINFRA 36.00 (11.98) 33611950 (53.72) 5.43 0.22 95.18 94.90 IDEA 49.45 (19.59) 26587200 (27.91) 5.27 0.19 80.84 84.49 MTNL 55.25 (22.18) 18505600 4.54 11.80 0.22 85.23 89.91 ONMOBILE 258.90 (32.99) 626350 16.44 10.83 0.00 86.04 81.54 RCOM 139.20 (15.81) 25561600 26.99 8.43 0.26 86.67 88.73 TATACOMM 239.45 (11.17) 3305475 30.44 8.17 0.00 65.30 88.18 TTML 19.05 (17.17) 29326500 (10.48) 6.84 0.18 89.38 89.78 TULIP 862.35 3.88 108750 (54.40) 5.97 0.00 85.52 79.30 TEXTILE BRFL 204.60 (7.57) 4325150 (22.34) 4.14 0.00 84.58 92.23 CENTURYTEX 435.20 (17.68) 5847764 (7.40) 9.88 0.01 88.63 91.71 WELCORP 218.50 (19.01) 19849200 2.89 9.84 0.09 94.17 88.31 MISCELLANIOUS ABIRLANUVO 708.00 (14.24) 1197600 (0.20) 10.49 0.25 87.84 90.31 ADANIENT 541.95 (3.47) 2651200 161.56 (4.93) 0.00 93.65 91.89 GODREJIND 146.15 (7.97) 2724800 226.48 9.81 5.25 70.23 89.46 JISLJALEQS 1026.00 (7.86) 120000 122.22 8.96 0.00 73.54 79.48 PANTALOONR 369.80 (10.43) 1462850 (13.34) 10.58 0.00 78.50 91.06 SINTEX 264.25 (19.34) 1359400 21.53 9.62 0.00 78.99 83.69 VIDEOIND 198.30 (13.44) 3860934 (2.90) 11.50 0.00 88.30 91.04 For Private Circulation Only SEBI Registration No: INB 010996539 9
  10. 10. Derivative Report | India Research DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward- looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent with any recommendation and related information and opinions. Angel Broking Limited and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past. Sebi Registration No.: INB 010996539 Derivative Research Team derivatives.desk@angeltrade.com For Private Circulation Only SEBI Registration No: INB 010996539 10

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