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NIFTY HIGHLIGHTS

The Nifty May rollover stood at 52.2% on Monday compared to 29.8% on the same day of the previous expiry. This is higher than the three-month average of 35.0% and the six-month average of 35.4%. The rollover cost in May was 0.14% on Monday, down from 0.55% on the same day last expiry, suggesting traders find it cheaper to roll over positions. Bank Nifty’s May rollover stood at 35.6% on Monday compared to 46.5% on the same day of the previous expiry. This is lower than the three-month average of 47.9% and the six-month average of 47.2%. The market-wide May rollover stood at 47.7 % compared to 40.4% on the same day of the previous expiry. This is higher than the three-month average of 35.1 % and lower than the six-month average of 35.3%. The option data for the May series indicates a strong Call Open Interest (OI) at the 25,000-strike price, followed by 24,800. In contrast, a substantial concentration of Put OI is observed at 24,500, with additional levels at 24,800. This suggests that the likely range for the current expiry is between 24,500 and 25,200.

Stock & Sector Highlights

- HCLTECH, INDUSINDBK, DEEPAKNTR, GLENMARK, and SBILIFE saw higher rollovers on Monday than on the same day of the previous expiry.

- BERGEPAINT, MANAPPURAM, SYNGENE, HAVELLS, and BRITANNIA had lower rollovers on Monday than on the same day of the previous expiry.

- TVSMOTOR, WIPRO, TATAELXSI, IRFC, and BALKRISIND have the highest rollover at the current expiration date.

- BERGEPAINT, HINDCOPPER, MFSL, ACC, and TATACONSUM have the lowest rollover in the current expiry for the day.

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