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Sunday 2 September 2007

Stocks in FnO

Following is a list of top gainers and losers in the futures and options market in the NSE on the 31 Aug 2007 for the September series:

Top Gainers
Symbol Open High Low Close % Change in OI
NAGARFERT 36.45 41.3 36.2 40.8 90.23
CHAMBLFERT 47.2 50.7 46.85 50.35 41.84
FEDERALBNK 335.95 355.85 335.65 349.55 41.09
TRIVENI 80 81.65 77.9 80.05 33.62
UNIPHOS 325.95 337.8 325.85 334.5 32.35
KTKBANK 188 194.45 187.15 191.95 29.72
NTPC 167.2 175.8 165.35 173.85 26.9
IFCI 63 66.1 62.5 65.85 26.06
BEML 1175.05 1243.9 1170 1233.1 23.23
ESCORTS 92 97.2 91 96.05 20.54






Top Losers
Symbol Open High Low Close % Change in OI
NICOLASPIR 254.45 271 253.9 268.8 -9.99
FINANTECH 2397 2468 2388.05 2455 -9.35
PURVA 365.55 384.5 365.55 378.8 -8.41
BILT 138 141.4 137.05 140.05 -6.63
GDL 121.3 131.3 121.3 130.25 -6.6
RCOM 528.95 544.9 528.95 543.05 -6.06
IVRCLINFRA 374.85 380.75 372.1 377.2 -6.05

The September series has just started. Positions are being built up and as a result huge gainers can be seen at some places which actually may be mere position building. The top gainers as we see have all stocks rising with good increase in the open interest as well good gains in terms of price. All except Triveni have risen well. Triveni has been running like forest fire and the announcement by the company for future expansions made some smart booking coming in despite more people getting into the stock. If the market remains good to flat on Monday, these stocks will certainly see more rise. Any of these can be tried for jobbing in the FnO segment, of course taking the usual precautions.

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