*Summary of Rollovers: D-1 for Nifty & BankNifty* FIIs - Outlook sideways for indices & slightly positive for FnO stocks with LSR at 17% : 83% + India VIX cooled off to 13.72. - Nifty rollovers at 63% with 0.6 roll cost vs 70% last series - BN rollovers at 58% with 0.6 roll cost vs 71% last series - Sectoral wise higher rollovers seen in Capital Goods (77%), Automobile (77%), Metals (78%), Realty (77%) - Stock specific higher rollovers seen in Godrejcp (93%), Dmart (92%), Jswsteel / Eichermot (90%), Zomato / Sonacoms / TIIndia (88%), M&M / Siemens / Havells / Maxhealth / LTF (87%) - Nifty expected expiry range between 22500 to 22700. Selling pressure can be seen around 22700 odd levels again - Nifty remains below 23000 which is a crucial resistance level now. Immediate support of 22500 below which it can open gates for 21800 - BN expected expiry range 48200 to 49000/49200 range; still holding above 48000 mark *Overall View:* Stock specific rollovers are higher than bets taken on indices. Entire Feb series saw FIIs longs below 20%; short covering move yet to be witnessed (if the % goes above 20%). India VIX cooling off can indicate at some relief. Refer disclaimer at bit.ly/3UN5lxi Regards, JMFS Derivatives Research