Epicresearch Daily Derivatives Market News Updates On 20 January 2015

MARKET ROUNDUP
The equity market ended with smart gains, however, it closed off days high on Monday on account of some selling pressure near all time high levels. Besides HUL, stocks like HDFC, TCS and Infosys were weak.
The NSE Nifty touched a high of 8,571, and finally settled with a gain of 37 points at 8,551. In the process, the NSE index has now gained 273 points in the last three straight trading sessions. The India (VIX) Volatility index moved 2.2 per cent higher to 17.65.

F&O HIGHLIGHTS
Post a positive start, the Nifty traded with a positive bias in a narrow and tight band. Finally, it ended the volatile day after adding another 37 points. Nifty future premium increased and settled at 23 points. India VIX increased 2.17% and settled at 17.65
FIIs bought 434 crore while DIIs sold 237 crore in the cash segment. FIIs bought 56 crore in index futures and sold 654 crore in index options. In stock futures, they bought 92 crore
The highest Put base is at the 8000 strike with 64 lakh shares while the highest Call base is at the 8700 strike with 45 lakh shares. The 8400 and 8600 Calls saw a reduction of 7.73 and 3.02 lakh shares, respectively. The 8400 and 8500 Put strikes saw addition of 5.66 and 12.35 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8535-8610.
Bank Nifty Future: The index is finding good support around the 19150-19200 mark. On the position front as well, we have seen further accumulation of long positions.


STOCK ANALYSIS
OI addition : We saw long built up in Mindtree, Gail, Wipro, Ktkbank, Hcltech short built up was seen in M&m fin, Hindunilvr, Heromotocorp, Bpcl, Cesc
OI Shedding : We saw short cover in Albk, Ongc, Lupin, Rpower, Wockhardpharma while long unwinding seen in Jain irrigation, Ptc, Century tex, Hdil,Sail


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 8600-8700 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 8500-8400 indicating it as immediate support zone on the downside.

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