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NIFTY HIGHLIGHTS

Nifty’s February rollover reached 53.0% on Monday, trailing the previous expiry’s 57.8% and falling below both the three-month average of 57.3% and the six-month benchmark of 56.5%, signaling a subdued index sentiment and cautious trader conviction. Bank Nifty registered a robust 63.4% rollover, significantly outperforming the previous cycle’s 56.7% and exceeding the three-month average of 55.8% and six-month average of 53.6%, pointing toward a strong conviction and aggressive position carry-forward within the banking sector. The rollover cost escalated to 0.60% from 0.49% in the prior cycle, suggesting a positive bias as participants pay a higher premium to maintain market exposure into the upcoming series. The Market wide rollovers activity rose to 79.6% on Monday, surpassing the previous expiry’s 75.2% and clearing both the three-month average of 78.0% and six-month average of 79.2%, which reflects broadened investor interest and healthy participation across the wider derivative segment. The option data for the February series indicates a strong Call Open Interest (OI) at the 26,000-strike price, followed by 25,800. In contrast, a substantial concentration of Put OI is observed at 25,000, with additional levels at 25,500. This suggests the likely range for the current expiry is between 25,500 and 25,800.

Stock & Sector Highlights

ITC, COALINDIA, BIOCON, LICI and SUPREMEIND saw higher rollover on Monday compared to same day of previous expiry.

SAIL, MOTHERSON, TVSMOTOR, VEDL and NTPC saw lower rollover on Monday compared to same day of previous expiry.

Highest rollover in current expiry for the day is seen in MFSL, DMART, JSWSTEEL, PIDILITIND and SUPREMEIND.

Lowest rollover in current expiry for the day is seen in SAIL, SRF, LT, VEDL and NTPC

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