F&O rollover data hints Nifty could target 19,300 soon; IT, Metals may lead

FIIs continued to roll their bullish bets on Index and have slightly reduced their longs in Single Stock Futures, says Nuvama Alternative & Quantitative Research report.

The Nifty ended the June series at a record high, thanks largely to a sharp rally in the last two trading sessions. Overall bias for the month remained positive backed by aggressive buying by foreign institutional investors (FIIs).

The Nifty Index gained over 3.5 per cent to settle at 18,972, after having topped the 19,000-mark in Wednesday's (an early expiry day owing to the Bakri-Id holiday) intra-day deals. Meanwhile, the Bank Nifty too registered a fresh summit, and rallied 1.5 per cent in the June series.

For the records, FIIs net bought stocks worth Rs 20,852 crore so far in