''Nifty rolls were at 11.92% vs. the 3M average of 12.84%. Market wide rolls were at 16.7% vs. 3M average of 13.74%,'' according to ICICIdirect. ''Sectorally, automobile, power and pharma are witnessing high rollover of positions while stocks from the telecom, capital goods and oil & gas space are witnessing relatively low rolls into the May series.''
 
Highest rollover was observed in Titan (35.5%), Century Textiles (27.8%), Indian Oil Corporation (26.7%), Colgate Palmolive (26.3%) and Glenmark Pharma (25.6%). Rollover activities are yet to begin among stocks like Jubilant Foodworks, JSW Energy, PFC, Adani Enterprises and United Phosphorus. Among index stocks, HDFC Bank (27.8%), Infosys (26.8%) and SBI (21%) are witnessing higher rolls into the next series while Bharti Airtel, Coal India and Hindustan Unilever are witnessing low rollover into the May series.''
 
''Nifty futures open interest is at 19.5 million shares entering into the settlement week against 22.5 million shares seen during the March settlement. Data clearly indicates closure of positions during the April series. At the same time, the April series roll spread is relatively low at 53 points suggesting scepticism in the long rollover of positions. Nifty roll spread is likely to increase from current levels towards 65-70 points moving towards settlement. At the same time, the result season is likely to keep pressure in rollover activity while stock specific action is likely to be seen.''

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.