CNBC-TV18’s research analyst Anichya Shah has given F&O highlights.

It started out as a very positive day and we saw the Nifty go into a fair bit of premium of about a 25 points. A lot of stocks were driven up primarily in the morning by short covering. A lot of stocks these largecap stocks that had seen short positions being built-up over the last couple of weeks plus we saw some fresh long positions in the real estate space and a couple of other stocks in the power space that had seen a fair bit of selling pressure.

But we have seen some sort of a dichotomy by day end. One is seeing very few stocks in the green now. A lot of stocks have come off their highs. There has been a fair bit of profit booking and a lot of intraday longs, which were initiated early in the morning a fair bit of short covering, which drove the markets up, have given away some bit of long unwinding and a fair bit of profit booking.

Turnover has picked up a fair bit. Nifty was in a major premium, has come down a bit as some of those intraday longs have booked a bit of profit and there has been some bit of long unwinding. But some stocks that have stood out in today’s trade - Unitech for one. It saw a fair bit of short positions last week but today good OI buildup of about 8.9 lakh shares and got into a good 0.9% CoC. We are just four trading sessions away from expiry, so CoC is extremely strong on that stock.

Idea Cellular is another stock that has looked extremely strong today. About 11-lakh shares OI buildup and into a pretty strong CoC considering we are just one-week away from expiry, so this stock has looked extremely strong.    

Hindustan Unilever, the stock that did hold out in yesterday’s falling market has looked extremely strong today as well. It was flat yesterday but up about 4% today with good OI buildup of 11-lakh shares and it is in a premium.

But Yes Bank, the stock has been taking a fair bit of beating for the last few days, selling off from pretty low volumes in OI today has actually sold off on a decent bit of OI. So good short positions being built-up here of about 3.70-lakh shares. Probably some bit of delivery based selling, so one is seeing that a premium is still holding, its not gone into a fair bit of discount.

Orchid Chemicals, which lost about 40% yesterday, is down another 10% today and an additional 10-lakh shares added in OI. It is hold some bit of a premium, may be a bit of cash selling as well here.