Nifty rolls were observed at 25.04% lower than the 3M average of 29.32%. Market wide rollover was at 17.9% vs. the 3M average of 27.31%, according to ICICIdirect. ''Sectorally, pharma, telecom and oil & gas stocks are witnessing high rollover of positions while stocks from the finance, realty and capital goods space are seeing relatively low rolls into the January series.''
''Highest rollover was observed in Glenmark (35%), Ranbaxy (31%), Exide Industries (26%), Shriram Transport Finance (25%) and RCom (24%). Rollover activity is significantly low among stocks like Dabur, MindTree, McLeod Russel, HPCL and Oriental Bank of Commerce. Among index stocks, Sun Pharma (38%), Maruti (32%) and Bharti (32%) are witnessing higher rolls into the next series while Idea (8%), PNB (11%) and Zee Entertainment (15%) are seeing low rollover into the January series.''
''Nifty futures open interest is at 26.4 million shares entering into the settlement week. After the recent selling pressure, positive global cues are helping the Nifty to recover to 8250. Recent additions were also observed in the January series. As a result, the current OI is relatively higher compared to the last couple of months at the beginning of the settlement week. At the same time, the January series roll spread is significantly high at 70 points indicating the prevailing long bias in the next series as well.''