CNBC-TV18’s Research Analyst, Anichya Shah has given F&O highlights.

Good cues coming in from the F&O space considering we did close near the day’s high. It was evident that we saw fair bit of put writing at the 4,800-4,900 all the way upto 5,100 level. But the 5,000 put writing added about 5 lakh shares in open interest. Some bit of base building.

What is very interesting is that a fair bit of shorts were built up throughout yesterday’s trading session by FIIs. Even today we were at discount for most of the day and once it broke 5,100 mark, we saw that discount inched into a fair bit of premium on account of some bit of short covering that happened in the last 15 minutes or so, so the 5,100 mark was pretty significant. Turnover picked up from about 32,000 crore yesterday to about 38,000 crore today.

Some bit of open interest build up in the momentum stocks came back. RNRL added about 16 lakh shares and it was up about 3%. Lupin was the start stock of today and it was up about 11%. 1.5 lakh shares was the open interest build up out of the total base of about 8 lakh shares.

The entire sugar space looked extremely strong, Shree Renuka was a startling example, 32 lakh shares was the open interest build up in this counter. It saw open interest build up throughout the day and that breakout happened in the last one hour of trade. RIL and ONGC the two big boys have joined by a fair bit of short covering and even we saw JP Associates, a stock where significant shorts were built up over the last two weeks been driven by a fair bit of short covering.