CNBC-TV18 research analyst, Anichya Shah has given F&O highlights: It was a very positive day on the F&O space, rollovers picked up significantly; market wide rollovers were about 20% yesterday went up to about 34% today.

Some interesting facts; there was some significant increase in the turnover at about 63,000 crore after long time. So that’s about 45-50% increase in the turnover. We have cement, banking and IT see some of the strongest rollovers in today’s market and we have also seen the April series continue to trade at a premium to the March series. So pretty aggressive rollovers and long rollovers in the Nifty seen as well.

Nifty March series trade at between 15-20 point premium for the most of the day and even April series, is between 25-28 point premiums. Some bit of long rollovers that were initiated from yesterday have continued in today’s trade, good net addition of about 1 crore in that. So there has been a fair bit of action in the Nifty today.

Today’s biggest Edelweiss Capital which is up 23% was driven primarily by a fair bit of short covering; net actually unwound some bit of shares but most of the gains today have been by short covering and low impact cost on the upside has caused this stock to move up 24%.

Hindalco from the metal space has seen strong rollovers; one of the strongest in fact 60% and good next month cost of carry of about 1-1.5%. We are seeing this 1-1.5% cost of carry after very long time and even the 63,000 crore turnover is after very long time which makes it rally even more significant in the F&O space. Net we should add about over 10 crore shares in open interest at least that what the provisional data but we should wait for the Bhav copy to get more details.

Axis Bank has seen strong rollovers from the banking space; net addition of about 3.7 lakh shares, good next month cost of carry which is been extremely strong.    

TVS Motor from the midcap space is extremely strong; long built-up from the beginning of the day, 44% was the rollovers there, next month holding strong premium and net addition of about 11 lakh shares.