Expiry session to be flat: Way2Wealth Securities

Aditya Agarwal, senior derivative analyst, Way2Wealth Securities Pvt Ltd, says that this time we are expecting a very flat expiry. We expect rollovers to be in the range of 50-55 percent and to be less than last couple of rollovers. We are expecting good rollovers in the pharma, telecom and banking sector where some long positions getting polled over next month. 

Below is the edited transcript of his interview to CNBC-TV18. Q: In the F&O space, what are you advising as a strategy? Where do you think will the contract wind up with the pressure now coming below 5690?
A: This time we are expecting a very flat expiry. We are seeing some selling pressure at higher levels but on lower levels there is lot of buying support on the Nifty and we are continuously seeing put writing at 5600 and 5700 level. Q: Do you see rolls picking up by day end today?
A: We are not expecting rollovers to be around 60-65 percent but lower when compared to last couple of expiries. This month the market is very range bound, with no major long or short position being built up. Particularly, this market is a trading market. On one day positions are being built up and the next day the positions getting squared, on both long and short sides.
We expect rollovers to be in the range of 50-55 percent and to be less than last couple of rollovers. We are expecting good rollovers in the pharma, telecom and banking sector where some long positions getting polled over next month.