Nifty puts see higher accumulations

Chennai: The turnover remained firm at Rs 76,957.01 crore in the F&O segment. The Nifty March future closed at 3081.9 and the April future at 3075.5 against the Nifty spot close of 3802.25. It may be recalled that the Nifty April future was in premium on Wednesday, but due to short rollovers it turned into discount. The Nifty future saw a rollover of 66 per cent.

Among the April options, puts such as 3000, 2800 and 2900 witnessed sharp accumulations, particularly on the long side, indicating bearish signal.

While 3000 put saw accumulation of 15.12 lakh shares, the 2800 put added 11.91 lakh shares and 2900 put 5.48 lakh shares.

On the other hand, 3000 call added 3.84 lakh shares, but those were on the short side, indicating that Nifty is in strong resistance zone.

Stock futures

Reliance was the most active. Contracts on Reliance, ICICI Bank, Infosys, and SBI saw healthy rollovers. Momentum counters such as IFCI and GVK Power also witnessed higher rollover.

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Despite today being the expiry, DLF March future added 18.67 lakh shares in open interest and ended at 176.3 against the spot close of 176.35.

But the April future closed in discount at 174.45 and added 43.42 lakh shares, indicating accumulation of short positions.

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