F&O WATCH: Nifty PCR drops to 1.34

12-Apr 10-Apr 7-Apr 5-Apr 4-Apr Nifty47.8146.3845.1943.2241.71 ACC7.797.106.335.224.87 RIL23.7220.9019.1718.5417.93 Tata Steel17.1417.4016.4116.0116.11 India Cements25.0822.3922.6123.2423.57 Sterlite Ind1.661.551.351.301.13 Satyam Computer14.3811.789.764.653.48 Total1221.131173.011132.471111.241068.78
The annualised cost of carry (CoC) of Nifty April futures is a positive 9.41% as against positive 6.95% on Monday.  The major losers were VSNL, IndusInd Bank, Escorts, MphasisBFL, Cipla and Jet Airways.

Long OI build up was seen in Satyam (21%), TCS (29%), Infosys (11%), BPCL (12%), Essar Oil (11%), India Cement (11%), RIL (13%) and Neyveli Lignite (9%).

Short positions are seen in ICICI Bank (14%) as OI has been built up along with downward movement in stock price, and the CoC has also turned negative in the stock.