CNBC-TV18's Head- Market Reasearch, Anuj Sinhal: The Nifty future volumes still remains a bit of a drag as far as the overall volumes are concerned. There is action in midcap of course there too we have seen some sort of profit booking now trickling in. There is huge unwinding which is taking place at 4,900 put level and that’s why we have seen the put-call ratios (PCR) also falling slightly. But in Nifty futures just about 5,000 crore of trade and no major open interest change also.

In stocks IFCI has seen fair bit of open interest unwinding and while the stock is holding in the green up about Rs 1 there is a cut of about 30 lakh shares.

Even Tata Tele Maharashtra from day’s high has lost ground and open interest as well nearly 34 lakh shares is the build up but it was adding about 50 lakh shares sometime back.

BILT is another stock, which is a newsdriven up 7% but with the cut of about 4 lakh shares in open interest and short covering rally in Hindustan Construction continues. Today also we have seen the stock rallying quite a bit with an open interest cut of nearly 5 lakh shares.