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Nifty

The Nifty March rollover stands at 32.0%, decreasing from 43.5% on the corresponding day of the previous expiry, and is also lower than the three-month average of 40.2% and the six-month average of 36.4%. The rollover cost for March is now 0.61% on Monday, an increase from 0.58% on the same day last expiry, suggesting higher rollover costs this month. Bank Nifty’s March rollover stood at 51.3% on Monday, higher than the previous expiry's 46.5%, exceeding the threemonth average of 49.2% and the six-month average of 45.9%. The market-wide March rollover was 41.7% on Monday, compared to 55.1% during the previous expiry, falling below the three-month average of 50.3% and the six-month average of 48%. The option data for the March series indicates a strong Call Open Interest (OI) at the 24,000-strike price, followed by 24,100. In contrast, a substantial concentration of Put OI is observed at 23,500, with additional levels at 23,300. This suggests that the likely range for the current expiry is between 23,300 and 24,100.

Stock & Sector Highlights

- MANAPPURAM, MCX, SAIL, BEL and RECLTD saw higher rollover on Monday compared to the same day of the previous expiry.

- JKCEMENT, HINDCOPPER, HCLTECH, ONGC and INDUSINDBK saw lower rollover on Monday compared to the same day of the previous expiry.

The highest rollover in current expiry for the day is seen in TVSMOTOR, WIPRO, IGL, SJVN, and MANAPPURAM.

The lowest rollover in current expiry for the day is seen in JKCEMENT, HINDCOPPER, HCLTECH, INDUSINDBK and HINDPETRO.

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