Nifty rolls were at 80.54%, higher than the 3M average of 72.86%. Market wide rollover was at 85.01%, in line with 3M average of 85.72%, according to ICICIdirect. ''Sectorally, cement, pharma and FMCG stocks are witnessing high rollover of positions while stocks from the technology, capital goods and automobile space are witnessing relatively low rolls into the March series.''
 
''Highest rollover was observed in Jubilant Foodworks, McLeod Russel, GMR Infra, Century Textiles and Hindustan Zinc while rollover activity stayed marginally low in IOB, Petronet LNG, MindTree, Godrej Industries and Colgate. Among index stocks, ONGC, Grasim and Sun Pharma are witnessing highs rolls into the March series while Coal India, Gail, Lupin and M&M are witnessing low rollover into the next series.''
 
''Nifty futures open interest is still higher at 23.9 million shares amid stagnated roll spread of almost 50 points. Such high open interest with relatively low spread suggests short positions have been formed ahead of the Union Budget. Bank Nifty roll spread also remained low at points during the settlement trade,'' it added.

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