Long OI has built in above stocks, and one may see a further rally in the coming days.
The cost of carry has turned positive in ACC, Maharashtra Seamless, Maruti, & Wipro, which further supports the bullish view on the stocks.
Fresh long positions were also added in MTNL, Patni, Syndicate Bank & Union Bank on Friday, and these stocks, too, can see further upsides this week.
Profit booking was seen in Suzlon, Chennai Petro, Hero Honda & IVRCL as OI declined by 10-15%.
| OPEN INTEREST (In million) | ||||||
| Underlying | 10-Mar | 9-Mar | 8-Mar | 7-Mar | 6-Mar | 3-Mar |
| Nifty | 56.97 | 56.10 | 56.05 | 53.57 | 50.03 | 48.72 |
| SBI | 12.59 | 12.42 | 12.83 | 12.68 | 11.88 | 12.04 |
| Tata Motors | 8.13 | 8.28 | 7.68 | 6.31 | 6.39 | 6.05 |
| MUL | 6.52 | 6.30 | 5.52 | 4.99 | 5.10 | 5.24 |
| Satyam Computer | 5.66 | 5.73 | 6.06 | 5.82 | 5.54 | 5.32 |
| ACC | 5.67 | 5.43 | 4.83 | 4.77 | 4.32 | 4.25 |
| Reliance Ind | 30.42 | 31.46 | 32.09 | 32.25 | 32.21 | 31.42 |
| Total | 1131.83 | 1117.46 | 1104.38 | 1092.49 | 1065.22 | 1040.03 |