Rollover Analysis - 26th April 2010

Rollover Analysis - April Series - 26.04.2010

Market Snapshot for April Series – Consecutive third month for FIIs inflow in positive zone

In April series, Nifty registered a gain of 62.1 points or 1.2% to 5,322 and 11 out of 19 trading sessions FIIs were net buyers to the tune of Rs 6,887 crore. 

Rollover– Rollover cost in marginal positive zone 

By observing lower rollover in Nifty by 929bps as compared to market wide rollover indicates confidence missing among traders to rollover their positions in Nifty.

Nifty witnessed Long roll of 25.3% with marginal rollover of 7bps. We may see some increase in volatility for next 3 trading sessions on account of lower rollover and lack of confidence among traders. 

Sector-wise Rollovers 

Highest long Roll: Bullish Signal 

Cement (51.7%), Realty (51.3%), Finance (39.2%)

Highest Short Roll: Bearish Signal 

Hotels (38.0%), FMCG (29.3%)

Lowest Rollover

HOTELS (38.0%), FMCG (29.3%)

Stocks Rollovers 

Highest long Roll: Bullish Signal

GTL (77.3%), GLAXO (71.6%), GTLINFRA (65.9%)

Highest Short Roll: Bearish Signal

BHARATFORG (60.2%), DRREDDY (58.6%), SESAGOA (53.8%)

Lowest Rollover

CHENNPETRO (11.4%), STERLINBIO (11.5%), SUNTV (11.6%)

Thanks,

Dewang K Mehta

DENIP Consultants - www.denip.in