Derivative activity ahead of RBI monetary policy outcome

India Infoline News Service | Mumbai | October 04, 2017 11:29 IST

Ahead of RBI monetary policy following is the list of stocks witnessing a formation of long build-up, short build-up, short covering and long unwinding in today’s trade.

Ahead of RBI monetary policy following is the list of stocks witnessing a formation of long build-up, short build-up, short covering and long unwinding in today’s trade.

Open interest is the number of options or futures contracts that are not closed. In simple words, it is the number of outstanding contracts. It only applies to futures and options contract.

Price and Open Interest general rule:
PRICE OPEN INTEREST MARKET OUTLOOK
Increase Increase Long build up
Decrease Decrease Long unwinding
Increase Decrease Short covering
Decrease Increase Short build up
 
Symbol Open Interest (%) Open Interest (lots) Stock Price (%) View
BATA INDIA Ý16.18% Ý268 Ý4.5% Long Build-up
PCJEWELLERS Ý10.1% Ý327 Ý2.2% Long Build-up
DIVIS LABS Ý5.1% Ý389 Ý2.4% Long Build-up
RELIANCE Ý2.2% Ý883 Ý1.4% Long Build-up
IGL Ý14% Ý248 Þ1.19% Short Build-up
BHARTI AIRTEL Ý1% Ý138 Þ1.33% Short Build-up
SUNTV Ý3.3% Ý192 Þ0.62% Short Build-up
JSW ENERGY Þ1.44% Þ129 Ý0.60% Short Covering
ICICI PRU Þ0.67% Þ27 Þ0.21% Long Unwinding

 

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