Epicresearch Daily Derivatives Market Trading News On 30 Jan 2015
MARKET ROUNDUP
The Nifty ended January series with its biggest monthly gains in last 8 months of 9.42%. Expiry day movement was visible as Nifty saw sharp recovery from the day lows, lead by VWAP buying from the traders in last half hour.
The NSE Nifty slipped to a low of 8,861 in morning trade, while the late surge saw the NSE index soar to a high of 8,967. The Nifty eventually ended 38 points higher at 8,952.

F&O HIGHLIGHTS
Post a negative start, the Nifty remained under pressure throughout the day. However, expiry activity in the last hour led the index to close 38 points lower. India VIX fell 1.70% and settled at 19.43. Nifty future started with 34 points premium for the February series.
FIIs bought 1734 crore while DIIs bought 1680 crore in the cash segment. FIIs bought 1867 crore in index futures and 1181 crore in index options. In stock futures, they sold 874 crore
The highest Put base is at the 8800 strike with 22.6 lakh shares while the highest Call base is at the 9000 strike with 34.70 lakh shares. The 9000 and 9100 Calls witnessed addition of 4.36 and 1.36 lakh shares, respectively. The 8800 and 8700 Put strikes saw addition of 6.25 and 5.75 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open positive on the back of mixed global cues. It is likely to trade in the 8990-9065 range.
Bank Nifty Future: The index has witnessed good rollover activity with good activity on the options side as well.

STOCK ANALYSIS
OI addition : We saw long built up in Cesc, Adani ent, Mindtree, Ofss short built up was seen in Iob, Orient bank, Colpal, Uco bank
OI Shedding : We saw short cover in Hdil while no long unwinding seen in the market


OI Chart Analysis: From the OI Chart we can see that in February Series addition of open interest on the calls front is existent in the band at strike price of 8900-9000 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 8900-8800 indicating it as immediate support zone on the downside


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