Turnover jumped to Rs 78,270.59 crore, which was the highest since September
25, 2008, in the F&O segment on the NSE.

The Nifty March future closed in discount at 2933.9 and the April future
ended at 2934.5 against the spot close of 2938.7. The rollover was a healthy
57 per cent, and most of them were on the long side.


Among the options, Nifty 3000 and 3100 April calls were the most active and
added 6.23 lakh shares and 3.09 lakh shares in open interest. But most of
the accumulations were on the short side, indicating strong resistance for
Nifty.

On the other hand, Nifty 2900, 2800 and 2700 puts added 9 lakh shares, 5.82
lakh shares and 7.57 lakh shares respectively and most of the additions were
on the long side, indicating downward pressure.

*Stock futures *

Rollover was quite hectic in stock futures as well.

Among the individual stock futures, banking majors ICICI Bank and HDFC Bank
hogged the limelight with sharp gains. While the former saw addition of 3.89
lakh shares, the latter added 9.71 lakh shares. Bank future (index) also saw
heightened activity.

DLF and SAIL, on the other hand, saw heavy unwinding of long positions.
While the former shed 21.71 lakh shares, the latter witnessed a decline of
55.94 lakh shares in open interest positions.

B.KARTHICK

RESEARCH ANALYST

WWW.KENCES1.BLOGSPOT.COM <http://www.kences1.blogspot.com/>

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