IFCI remains on the top of list with 70% of roll over

CNBC-TV18's, Research Analyst, Varinder Bansal : On the Nifty side the rollovers are going as smooth as last 3-4 expiries but on the market wide rollover, they are strong and better than what we saw in the last 2-3 expiries. Market wide we have seen around 70% of rollover and on the Nifty front it’s around 60%. The important factor is that maybe on the market wide basis its not going as per the averages that were talked but we are seeing stock specific strong action and we can see on the June front we are adding 40 lakh shares of open interest and there is a constant short build up which is happening in the June series but also important is to look at some of the stocks buzzing high.

IFCI remains on the top of the list with 70% of roll over and it has added around 1.36 crore shares in June series and remember when the news came in it was only adding about 40 lakh shares and all the buildup has happened after the news came and also important is the fact that the stock is trading at around Rs 65 and 80 call is adding nearly 16 lakh shares in open interest which is one important indicator to get it from the call option side. Also L&T with a 70% of rollover which it has done is adding nearly 3 lakh shares in open interest and is also the 3^rd highest turn over in the F&O plate and the stock has added nearly net 1.9 lakh shares build up seen in L&T.

R Com is strong since morning and it has added nearly 16 lakh shares in the open interest and rollover is going quite smoothly in the stock and the CoC is in the positive territory in the June series by nearly Rs 2. Suzlon is one stock in which the last 3-4 days we have seen there is a constant short build up happening in the stock, from the price of Rs 310 to Rs 320, this stock is seeing some pressure and today also its trading at around Rs 280 and the stock has added nearly 20 lakh shares on the short side.