F&O Check: BPCL up 6%, adds 5.5 lakh shares in OI

Rollovers have looked okay today at around 55% on Nifty and same is the case for the market-wide rollovers reports CNBC-TV18's Varinder Bansal. There are individual stocks especially in the auto, fast moving consumer goods (FMCG) and the cement pack, which are doing good. One important thing - a cautious stance is that the Put/Call ratio (PCR) has been moving up and now it has moved up from 1.6 to around 1.73. We have seen that market getting a bit complacent around 1.8-mark. So that could be one important trigger to watch out for.

In the next series, we are seeing 5,000-5,100 Put adding huge open interest (OI). So lot of hedges are being bought at 5,000 and 5,100 Put.

Stock Specific Action

Bharat Petroleum Corporation Limited (BPCL) has to be the stock of the day. The stock is up nearly 6% and has added huge OI. We are seeing nearly 5.5 lakh shares being added in both the series. December is seeing well that is around 40% for the stock.

Bajaj Hindusthan is up nearly 4% but OI build-up of nearly 10 lakh shares, which we have seen on the stock.

Indiabulls Real Estate is one of the weakest stocks today. The stock is down nearly 3.5%.  The stock is down nearly 3.5% with a good build-up of nearly 14 lakh shares, which we are seeing on a net basis. The same stands for HDIL as well.

Also, the entire fertiliser pack is looking weak, whether it's Chambal Fertilisers or Nagarjuna Fertilisers . Nagarjuna stands out because the stock is down 2.5% with a huge build-up of 37 lakh shares which is seen on the stock.