Fortis Healthcare adds nearly 6 lakh shares in OI

Fortis Healthcare added nearly 6 lakh shares in open interest. Educomp was up nearly 3% again with an open interest build-up of 1.1 lakh shares. Balrampur Chini was down nearly 3% with a build-up of 30 lakh shares in open interest.

Here is a verbatim transcript of Varinder Bansal's comments on CNBC-TV18. Also watch the accompanying video.

The F&O turnover was nearly Rs 60,000 crore, Rs 65,000 crore done which is again low. We have been use to seeing those Rs 1 lakh crore turnover in the good days, so the volumes have come down. The put call ratio (PCR) actually moved up today from a level of 1.39 to 1.49.

Aggressive put writing was happening at 5,000 level. We saw a huge addition in open interest. The premium has come down by nearly Rs 8 addition of nearly 20 lakh shares in open interest and the outstanding open position is nearly 1.25 crore in 5000 Put. So you can just see how bigger support at 5,000 level is and on the upside it has been 5200-5300, so the band remains there.

Stocks specific action:

Fortis Healthcare spiked up 6% in the intraday with a huge build-up of 6 lakh shares on a small base which means 20% build-up.

Educomp was up nearly 3% again with a build-up of 1.1 lakh shares, again on a small base it is nearly 25 lakh shares.

The entire sugar pack was under pressure. Balrampur Chini was down nearly 3% with a build-up of 30 lakh shares in open interest.

HUL was down nearly 4%; we saw fresh shots opening up, nearly 20 lakh shares being added on HUL.

We saw build up happening in Bharti Airtel . It was a cut of nearly 64,000 shares, but we saw the stock ending almost flat and doing nothing much on trade, addition of nearly 6 lakh shares.