CNBC-TV18's Markets Research, Anichya Shah: Rollovers are at about 68-70% of the market right now. Remember we are starting from a very low base. In March we actually had one of the lowest rollovers in the last year or so. So, on account of that low base, rollovers are looking pretty strong on the market, although the Nifty has been slightly tepid after a pretty strong start after the last week or so.

To focus on the Nifty, some semblance of short rollovers have been seen picking up in today’s trade, not being really aggressive today, which is why you are seeing May is at a fair bit of a premium. So, primarily due to lack of aggression of short rollovers and not so aggressive long rollovers has kept the May season at a bit of premium. You can see rollovers have been pretty subdued at about 63%.

On the marketwide front, broad trends are that the midcaps are seeing more action than the largecap stocks. A lot of individual stocks, but if I had to give a broad trend - cement stocks, telecom stocks and banking stocks are currently leading the rollovers.

On the cement stocks to start off with India Cements along with UltraTech we have seen rollovers at about 93%. Good open interest buildup; net addition of about 2.9 lakh shares and it is holding good cost of carry along with UltraTech in the May series. So, cement is seeing pretty strong rollovers.

Sterlite Technologies, a stock that is usually pretty illiquid has popped up on our radar. It has seen a good open interest buildup in the last hour or so. You can 2.6 lakh shares added in the May series and is inching into a bit of a premium into the May series and pretty strong rollovers at close to about 80% on that stock.

The banking space looks strong and besides usual stocks like Bank of Baroda will see long rollovers, Allahabad Bank has popped up on our radar. Good cost of carry of about 55 paise on that stock. Net addition of about 7 lakh shares and is looking pretty strong.

The real estate space has looked extremely strong, Unitech, DLF in yesterday’s trade. Unitech has continued today and even HDIL is out into the action, holding a good cost of carry, strong rollovers at about 72% and net it is adding open interest. It has added about 5 lakh shares in the May series. IFCI has added close to about 2.5 crore in the May series over the last three trading sessions including today. You can see today net addition of about 33 lakh shares, and 50 paise cost of carry in the May series is pretty strong on a small Rs 60 stock. So, all in all pretty stock specific, but rollovers are looking better than last time.