4600 call was very active and saw a fair bit of OI buildup

CNBC-TV18, Research Analyst, Anichya Shah :

In yesterday’s rally in the futures market and in the cash market was on pretty low volumes, so today the scary part is volumes picked a little bit -- about 10-11% higher than yesterday and a fair bit of unwinding was seen in the latter half of trade. In some of the larger stocks, some short rollovers have actually started. The Nifty rollover for the current month is at about a 15-point discount. Short rollovers have started there although a tad bit - only about 10% of the positions have been rolled over. The next month is already at about a 28-point discount. It saw a net addition of about 23 lakh shares.

4600 CALL was very active and saw a fair bit of OI buildup in today's trading session and we saw unwinding across all the PUTs from 4400, 4300 and including the 4800 PUT initially in the day when we bounce up.

NTPC, which was down about a percent, saw rollovers pickup at about 15%. There was some bit of short rollovers and next month is at a discount as well. The stock was down a fair bit in the spot market.

IDBI was down about 1% -- a fair bit of unwinding took place in today's session. The stock net shedding about 2.6 lakh shares in OI.

Ranbaxy Labs saw a further addition of longs both in the June and the July series and some bit of short covering was seen in the August series. The stock added 9.4 lakh shares OI.

India Cement saw most of its July buildup in today's trading session. In fact for almost close to a 100% of its entire July OI came in today's trading session. In fact the cement stocks have been seeing pretty strong rollovers, moves with a long bias.

HPCL was driven up by a bit of short covering - not a whole lot of addition in the next month but today's trading session saw a fair bit of short covering.