Rollover Analysis - Derivatives Note - IIFL

- Nifty saw a rollover of ~62% into January series vs ~63% in December series

- Market wide rollovers of ~79% into January series vs ~80% in December series

- Strong Sector rollovers in Textiles, Telecom, Realty & Infra

- Weak Sector rollovers in Banking, IT, Metals & Oil & Gas.

- Positive Rollover cost seen in Renuka, Sintex, Uco Bank & Crompton greaves

- Negative Rollover cost seen in Suzlon (some may be due to dividends)

Calls based on Rollover Strategy:

- Long JSW Steel January Future at Rs812-814, Target Rs852, Stop loss Rs794 (Rollover at ~91%).

- Long LIC Housing Finance January Future at Rs286-288, Target Rs306, Stop loss Rs276 (Rollover at ~90%).

Source : Equity Bulls

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