Nifty futures adds 33 lakh shares in open interest

By Sajeet Manghat, CNBC-TV18

Very volatile session for the F&O space today, but its not reflected in the volumes because the turnover is about Rs 40,000 crore. But the Nifty future discounts slipped to about 65 points towards last half an hour of trade and we saw a lot of short positions build up in Nifty futures.
 
The Nifty futures added nearly 33 lakh shares in open interest in open interest and that primarily coming in last one hour of trade when the Nifty slipped below the 4100 mark. Lot of call writing has happened on the Nifty at the 4000 call, that’s one level which was seen as some support for the Nifty, so a lot of positions getting transferred from 4100 to 4000 for the Nifty.

In the real estate pack Unitech and DLF seeing a good amount of short positions and the stock went for a steep fall in the cash market. The stocks ended up 4% and 6% respectively.  They have added nearly 16 lakh and 7 lakh shares in open interest respectively.
 
Suzlon was the one stock which was quite active today, the stock adding nearly 16 lakh shares in the open interest positions.

After India Cements decalred its results, there were some short positions build up seen in the stock with adding nearly 15 lakh shares in open interest positions.
 
IDFC was a one surprising looser today and we saw the stock down 8.6%, getting nearly 18.5 lakh shares in the open interest positions.

Amongst the Reliance, the Reliance Infrastructure and RNRL where some of the stocks which we saw steep falls with the stocks down nearly 10% each and a lot of open interest positions build up in RNRL with nearly 12 lakh shares.

Hindalco was up 2% and JP Associates was was up nearly 1% in the cash market and these two stocks saw some reductions in open interest positions.