It was not a good end to the May series

CNBC-TV18's, Research Analyst, Anichya Shah : It was not a good end to the series. We have closed down the series about 2.7% - most traders did expected it to close around that 5,000 mark but a fair bit of profit-booking by arbitragers by selling in the cash and bit of unwinding has kept it pretty subdued and hence we did not see a pretty good closing. The market wide rollovers were at about 75%. Nifty rollovers were at 62.83% - this is compared to last time when market wide was at about 82% and Nifty was at about 70%. In value terms, we are higher series, so net-net in value terms we would have rolled over pretty similar to what we saw in the last series.

We have seen in the Nifty, short rollovers throughout last week and this week, which is why one saw primarily short rollovers this entire series - 63%.

Some stocks that did well however - IFCI, which was obviously news driven saw a net OI buildup of about 1.7-lakh shares. Clearly, the strongest stock in the F&O space today, saw rollovers picking up to about 77% and June inched into a pretty smart premium. IDFC gave it company - June went into a premium. The stock has not much byway of price action but had a net buildup of 8.7 lakh shares.

Indian Hotels was another stock with pretty strong rollovers at about 88%, June holding a pretty smart premium. JSW Steel and the entire metal pack saw strong premium. In fact, if one had to look at trends, metal did play a catch-up role with cement, banks and IT, which have seen strong rollovers. Net-net, we have seen short rollovers in those, interest rate sensitives stocks and we have seen some bit of long rollovers in the IT space and the cement space continuing.

DCB from the banking space saw a fair bit of short buildup in today's trading session. The stock was down Rs 5 in the spot markets - a 7% cut there. Tata Motors, more on account of corporate action, which is why, one is seeing June trading at a 14-point discount - remember it does go ex-date on 16th of June. But the stock did see a huge short buildup in today's trading session.Suzlon Energy has more of cash selling - F&O pretty much mirrored what happened in the cash markets. So one saw a huge bit of shorting - 36 lakh shares in June series. Shree Renuka and the entire sugar pack saw a fair bit of unwinding. Volume weighted average trade caused some bit of cash pressure in the last half an hour or so which is why those sugar stocks came under pressure and was down about 4%.