Volumes nearly Rs 11,000 cr in F&O

Slightly disturbing signs from the F&O side, they have been coming for last two-three days. Over last two days, we have seen short opening up in the latter part of the day and in today’s trade, we have seen that happening in the early part of the day and that is why the volumes are also on the higher side nearly Rs 11,000 crore and that is because of the Nifty futures, there we have seen a build up for nearly 13 lakh shares. So it is not looking that good.

In individual stocks, Ashok Leyland hasn’t been having a good time ever since its sales numbers came in. We have seen a fresh shorts opening up again, nearly 6 lakh shares getting added in open interest on Ashok Layland.

One stock, which has looked good, is Tata Steel . It has seen a build up of nearly 5.5 lakh shares, more than Rs 250 crore of trade.

Syndicate Bank , market seems to have responded to their results and that is why we have seen build up taking place in that particular counter.

GAIL is one counter where we have seen some negative build up, markets did not like those numbers, it looks like that. And that is the reason we have seen negative build up, stock is down nearly by Rs 10 and build up of nearly 3 lakh shares.

Nagarjuna Fertilizers , the long unwinding continues on that, it is still on that F&O trading curve, we have seen a cut of nearly 12 lakh shares on that front.