*Summary of Rollovers 27FEB2025* FIIs - Outlook positive with LSR at 17% : 83% & India VIX at 13.31. - Nifty rollovers at 84% with 0.6 roll cost which is above its 3 months avg of 79% - Nifty starts the March series with 16.75mn shares compared to 17.29mn shares last series - Nifty March series weekly expiry sees the highest OI at 23000 CE with 0.69 L contracts followed by 22600 CE with 0.62 L contracts. On the PE side, highest OI is at 22500 PE with 0.67 L contracts - The monthly options matrix shows the highest OI at 22500 PE with 0.65 L contracts & 23000 CE with 0.52 L contracts - Nifty rollovers took place in the range of 22500 to 22700. Crucial support of 22000/21800 for March series & resistance of 23000/23200 range - Sectoral wise strong rollovers seen in Metals, Pvt Banks, whereas weak rollovers seen in Chemicals, Capital Goods, Technology - Mixed sentiments seen in Automobile, Pharma, Oil & Gas, FMCG, whereas short squeeze seen in Finance - Stock wise long rollovers seen in Icicibank (98%), Axisbank (98%), Jswsteel (98%), Icicigi (97%), LTF (97%), Zomato (95%), Industower (95%), M&M (94%), Bajfinance (93%), Hdfcbank (93%) *BankNifty* - BN rollovers at 82% with 0.5 roll cost which is above its 3 months avg of 75% - BN starts the March series with 3.31mn shares compared to 2.92mn shares last series - BN sees the highest OI in 49000 straddle; CE with 0.32 L contracts & PE with 0.29 L contracts with a - BN defended 48000 support on closing basis. Multiple resistances in the range of 49000 to 50000/50200 above which trend reversal confirmation can be seen *Overall View:* Nifty may test 22000/21800 before giving final confirmation of trend reversal & from there a gradual short covering towards 23000+ levels. BankNifty may still defend 48000 on closing basis but a trend reversal confirmation can come above 50k mark. Refer disclaimer at bit.ly/3UN5lxi Regards, JMFS Derivatives Research