Shree Renuka adds 18 lakh shares in net OI

CNBC-TV18's research analyst, Anichya Shah has given F&O hgihlights.

The 4500 put is the second highest open interest into the options front, so that’s a very important level which is why constantly we are bouncing back and a fair bit of support is coming in at those levels. If one look at rollovers we are moving to the expiry week, Market wide futures is pretty subdued currently at 9.5% and more or less unwinding which is happening in the stock futures.

The Nifty rollovers are picking up, more or less short rollovers. One can those hedges pretty rapidly into the July series, which is why it is trading at a massive 40 point discount and even the current month is seeing a fair bit of shorting, which is trading currently at about a 26 point of a discount, was at about a 15 point discount in the morning.

Some of the key spaces where we have seen some of the short rollovers are real estate space. Unitech and DLF next month is trading at a 1-point discount and short rollovers have picked up in this space.

ITC next month is trading at Rs 5 discount but there is about a Rs 3.5 dividend mid months in July so about Rs 3 of a discount comes in from the dividend.

Currently L&T has seen a fair bit of shorting in both the June and the July series. Reliance Power currently has seen some bit of a long rollovers at lower levels and is down at about 5% but you can see that the next month is at a pretty healthy premium currently, this stock has been beaten down a fair bit.

From the sugar space Shree Renuka Sugars is at extremely strong in the second day in a row, pretty healthy premium, close to 1% with a net addition of about 18 lakh shares.