Nifty sees 59% rollover ahead of expiry

A nearly 60% rollover is in line with what we have been seeing, a tad higher than the last three averages that we have seen in the last three series. We have done around 59% as I mentioned. We are seeing an addition of nearly 80 lakh shares which has happened in November plus December.

The put call ratio (PCR) has been moving steadily up and is now trading around 1.7 plus and 1.8 is a level where you saw some complacency coming in the market and there could be some profit booking at that point of time. So keep an eye on that. But otherwise Nifty has held that 5,100 mark.

Satyam was the stock of the day but Satyam's impact was seen on Tech Mahindra in the F&O space. Tech Mahindra the stock ended nearly 5%. If you just see the intraday chart it was when the news came out this stock started going down. There is an addition of nearly 3.5 lakh shares seen. Though it is a small base on Tech Mahindra but we saw shorting happening on this stock.

The entire realty pack was weak today. Any largecap whether it is a DLF , Unitech , HDIL in the midcap. Indiabulls Real Estate stands out because the stock ended down nearly 5% with a good build up of nearly 25 lakh shares in the December series and the rollover picked up on the stock which stands nearly 50%.

But few stocks which were the highlight of the day especially in the midcap segment were stocks like Orchid where we saw the open interest going up by nearly 7%, an addition of nearly 17 lakh shares happening in the next series. Also the rollover was quite good around 61% on the stock.

United Phosphorus was one stock which came out of the blue. The stock ended up nearly 5.5%, a good addition of nearly 3 lakh shares on a small base of the stock. There were a few stocks which were buzzing and saw long build up happening in were stocks like Bajaj Hindusthan and BPCL .