Nifty Futures added 26 lakh shares in OI

CNBC-TV18, Research Analyst, Varinder Bansal : The picture is very good, if you just see the turn over, if you just compare it with the last session, we have picked up and also the Nifty futures, we have seen short covering happening on this, the discount which has been hovering around 40 points, yesterday was at around 50 points, so there is some short covering seen in this and the good thing is that we are adding about 26 lakh shares in the open interest and if we just see the options data, it will be very interesting to see that the 3900 put is very active today.

The last few days we have seen the 3700 put has taken some of the areas, then it went to 3800 and now 3900 is seen as a very good support level for the market which is a good sign, 4100 and 4200 means the pivotal points for the market on the upper side, there are large cap stocks which are seeing short-covering and most of the FMCG stocks like HUL, ITC or Bharti or TCS which is one stock which is doing very well and the stock is seeing short covering and has shed nearly 5 lakh shares in the open interest which is up nearly Rs 4 in the spot market.

DLF ahead of the board meeting tomorrow for the buy back is seeing some of the cash buying that is really evident if you just see the CoC and the CoC is trading at around Rs 13 negative and the stock is up nearly 6.5% and added nearly around 4 lakh shares in the open interest. JP Associates and most of the momentum stocks like JP Associates, IFCI, these stocks are seeing build ups of open interest and the stock is up nearly 9% in the spot market and has added nearly 17 lakh shares in the open interest and also we are seeing a good amount of turn over on JP Associates after a long time, nearly 200 crore down there.

The stock of Shree Reunka Sugars was between down at the last two days after the announcement came in on the sugar pack and today the stock has seen good amount of build up and nearly a 30% build up seen on this stock and it has added nearly 20 lakh shares in the open interest and there is a positive CoC and the turn over is also strong at around Rs 300 crore.