Bharat Forge adds 8 lakh shares in net OI

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Bharat Forge adds 8 lakh shares in net OI

Nifty was at 18-19 point premium for most of the day. Bharat Forge net addition of about 8 lakh shares in OI by far the strongest stock today in terms of rollovers.

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Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news ICICI Bank | Orchid Chemicals and Pharmaceuticals | Yes Bank | Jindal Stainless |

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

We did not see much in terms of rollovers, total rollover marketwide was about 10% but this was expected considering that we are going into a very long weekend and traders that would want to initiate fresh positions in the April series, would wait till Monday to rollover lot of these positions. Nifty was at 18-19 point premium for most of the day. The cost was short roller and person buying in the current series was going short in the next series was at about 19-20 points throughout the day and that has not expanded significantly. So no aggressive short rollovers taking place as well. 4,700-4,800 March Call were very active so traders would be capturing that high time value gain on account of this 4 trading sessions being halted on account of long weekend. So those two were pretty active and the 4,500 Put in the March series, was one of the active places.

Some stocks that were buzzing was Bharat Forge , the one that has seen strongest rollovers that too at a very strong CoC and it was at about 2-3% CoC and these CoC we saw during the November and December period, so it is a very interesting stock to watch and you can see a net addition of about 8 lakh shares in OI by far the strongest stock today in terms of rollovers.

But what's very interesting is that lot of largecap banks and even in the IT space from the banking space ICICI Bank the rollover cost has been flat, not a whole lot in terms of aggressive long rollovers or aggressive short rollovers. So there is still a fair bit of ambiguity and that's at least with the cues from the F&O space.

Similar is the case with Infosys, the rollover cost has been flat for the current month and next month.

Orchid Chemicals and Yes Bank these stocks were driven up by fair bit of short covering in the morning and saw some OI build up in between the day but lot of the April OI, which was build up got shed towards day end and net-net both these stocks were driven primarily by short covering by day end.

Jindal Stainless was one stock that started buzzing in the last hour or so, saw good OI build up and net addition of about 3.5 lakh shares. Next month it is at a discount but we have seen some semblance of long rollovers in the stock especially in the last hour of trade.