Epicresearch Daily Derivative Market News On 1 January 2015

MARKET ROUNDUP
Nifty spot managed to trade above the resistance of 8280 but did not surged too higher due to lack of participation. Now along with the positive hourly charts we are observing positive crossover in ‘RSI – Smoothened’ oscillator on the daily chart which indicates strength.
Domestically, Fiscal deficit has reached 99% of its budget estimate in the first eight months of the fiscal year may cause some concern to investors. Auto stocks will be in focus as the monthly sales data for December 2014 will be out later today. Market sentiments are expected to be optimistic on first trading day of the year.

F&O HIGHLIGHTS
After a positive start, the Nifty traded in a narrow and tight band of 30 points amid high volatility and finally ended 34 points higher. Nifty futures premium fell and settled at 55 points. India VIX increased 1.73% and settled at 15.12%
FIIs bought | 481 crore while DIIs sold | 31 crore in the cash segment. FIIs bought | 131 crore in index futures and | 497 crore in index options. In stock futures, they sold 21 crore
The highest Put base is at the 8000 strike with 55 lakh shares while the highest Call base is at the 8400 strike with 35 lakh shares. The 8600 and 8500 Call strikes witnessed addition of 1.54 and 2.70 lakh shares, respectively. The 8200 and 8300 Put strikes saw addition of 3.65 and 2.37 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open negative on the back of weak global cues. It is likely to trade in the range of 8290-8360. Buy Nifty in the range of 8305-8310 for targets of 8340-8360, stop loss: 8290
Bank Nifty Future: The outperformance continued in banking stocks with fresh long accumulation of over 2%. Option activity is also supporting the current leg of up move. Buy Bank Nifty in the range of 18700-18740,

STOCK ANALYSIS
OI addition : We saw long built up in Mindtree, M&m fin, Sks micro, Indusind bank, Idea short built up was seen in M&m, Gail, Maruti, Apollohospital, Bajaj-auto,Bpcl
OI Shedding : We saw short cover in Tatamotors, Sslt, Reliance, Crompgreav, Irb infra while no long unwinding seen in Andhra bank, Ortient bank, Idbi, Canara bank

OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on the calls front is existent in the band at strike price of 8400-8300 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 8200-8100 indicating it as immediate support zone on the downside

Epic Research Private Limited is the Service Excellence Award Winner Financial Advisory Firm, known for the best consultation services regarding Capital Stock Market of India and other global markets. Our research team of experts generate and deliver high accuracy tips on the cash, derivatives, commodity and FOREX segments. Traders are offered with the updates of the segments like – intraday stocks tips, derivatives trading, MCX and NCDEX trading, currency trading tips etc.

Our research Team assists on the following sectors -
forex Trading Tips in india
Derivatives Market Trading Tips
Intraday Stock Tips

Find our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/
OR
http://www.epicresearch.co/research/daily-reports/derivatives