Nifty is expected to oscillate around 21,950 within a range of 75 points. A negative tilt is anticipated until it remains below 22,050. For Bank Nifty, the expected expiry range is between 45,800 and 46,200-46,300.
Nifty and Bank Nifty Rollover D-1 (one day to expiry) data showed that short bets are building up with a rise in rollover costs.
Nifty’s rollovers stand at 68 percent, with a 0.7 roll cost, compared to 65 percent in the last series. While Bank Nifty’s rollovers are at 59 percent, incurring a 0.8 roll cost, as opposed to 57 percent in the last series.
In terms of sectors, JM Financial’s rollover data indicates higher sectoral rollovers in Capital Goods (81 percent), Technology (80 percent), Pharma (79 percent), Finance (79 percent), Cement (79 percent), and Banking (78 percent).
Read more: Nifty may trade in 21,900-22,100 range on expiry day today; charts signal volatility
Noteworthy stocks with higher rollovers include Havells (91 percent), Mfsl (94 percent), Torntpharma (90 percent), Dlf (89 percent), Godrejcp (94 percent), Glenmark (94 percent), and Wipro (84 percent).