In April series, Nifty registered a gain of 48.7 points or 0.92% to 5,309.1 and 12 out of 20 trading sessions FIIs were net buyers to the tune of Rs 7,253 crore.
Rollover– Average rollover cost in marginal positive zone of ~7bps
By observing lower rollover in Nifty by 561bps as compared to market wide rollover indicates traders are more confident of individual stock movement than Index.
Nifty witnessed long roll of 42.2% with marginal positive rollover cost of ~6bps. We expect volatility to increase in next 2 trading sessions on account of lower rollover as compared to previous series.
Sector-wise Rollovers
Highest long Roll: Bullish Signal
Realty (64.5%), Cement (61.8%), Media (57.6%)
Highest Short Roll: Bearish Signal
Hotels (50.4%), Capital Goods (45.9%), FMCG (40.9%)
FIIs and DIIs activity in capital market segment
· FIIs were net sellers of Rs 164 crore with Gross buyers of Rs 2,701 crore and Gross Sellers of Rs 2,865 crore.
· DIIs were net buyers of Rs 1 crore with Gross buyers of Rs 993 crore and Gross sellers of Rs 992 crore.
India VIX
· Volatility for 27th April, 2010 close at 19.8 which is marginally higher as compared to previous close, after touching an intraday high of 20.1 and low of 19.65.
Implications: Volatility maintained yesterday level of 19 and did not change much for today’s session. We maintain our view of volatility moving up to 30 levels and inverse relationship with Nifty.
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