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F&O Watch: Glaxo, Hero Honda may move up

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BS Research Bureau Mumbai
Last Updated : Jan 28 2013 | 6:03 PM IST
OPEN INTEREST                                                         (In million)
Underlying18-Apr17-Apr13-Apr12-Apr10-Apr7-Apr
Nifty47.8047.1346.8947.8146.3845.19
RIL22.2322.9522.6423.7220.9019.17
Satyam Computer13.0113.5615.2714.3811.789.76
Infosys3.243.824.543.963.523.39
SBI12.8312.5012.7212.4411.9710.40
Cipla10.9810.6210.7211.189.198.35
Tata Steel18.0516.9816.7517.1417.4016.41
Total1210.091192.381193.321221.131173.011132.47

The good news - FIIs are cutting their short positions, which augurs well for the market.

Profit booking was seen in CNXIT (-6100 shares) and in IT stocks like Infosys (-27%), Patni (-17%) and TCS (-12%). ONGC (-8.06%), UTI Bank (-18.96%), Mahindra (-5.25%), NTPC and Gujarat Ambuja (-4%), too, witnessed profit booking.

Long OI was built up in Alok Textiles (27%), i-Flex (18%), MTNL (20%), Chambal Fertilisers (14%), Glaxo (11%), Hero Honda (11%) and Titan (10%).  We may see upside moves in these stocks.

The big trigger for the market tomorrow would be the provisional figures for FIIs' trading on April 18. Data available from the BSE website shows that FIIs were net sellers in the cash market for Rs 441crore (gross buying of Rs 2,065 crore and gross sales of Rs 2,506 crore).

 

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First Published: Apr 19 2006 | 1:15 AM IST

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