Epic Research Daily Derivatives Market Trading News On 5th March 2015

MARKET ROUNDUP
After hitting the 9000 levels in the previous trading session, the Nifty further went on to hit fresh life-time high of 9119 after Reserve Bank of India brought down its key policy rate by 25 basis points citing that the fiscal consolidation was better than what numbers show and that the combined fiscal deficit is much lower.
However, as the day progressed, reports of a possible downgrade by Standard & Poor dampened the sentiment dragging the Nifty to plunge over 200 points from day’s high. In addition, aggressive profit-taking in banking, energy, IT and metal stocks was also seen.

F&O HIGHLIGHTS
Post a gap up opening, the Nifty was seen struggling throughout the day. With a swing of over 250 points intraday, the index ended 80 points lower on the back of selling in all major sectors. Nifty future premium declined and settled at 34 points. India VIX fell 1.90% and settled at 15.19
FIIs bought 2786 crore while DIIs bought 17 crore in the cash segment. FIIs sold 3 crore in index futures and bought 1077 crore in index options. In stock futures, they bought 203 crore
The highest Put base stands at the 8500 strike with 44 lakh shares while the highest Call base is at the 9000 strike with 41 lakh shares. The 9000 and 9200 Calls saw reductions of 8.93 and 1.0 lakh shares, respectively. The 8700 and 8800 Put strikes saw additions of 3.10 and 0.50 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat to negative on the back of weak Asian cues. It is likely to trade in the range of 8960-9050
Bank Nifty Future: Despite the rate cut, an outperformance was clearly lacking and PSU banks mainly remained under pressure. The index has further seen addition of 10% on the short side indicating that the current fall may extend up to 19500-19300 in the coming days.

STOCK ANALYSIS
OI addition : We saw long built up in Eicher motor, Idea, Jpaoosicate, Sunpharama,Itc while short built up was seen in Ubl, Cairn, Nmdc,Iob, Ofss
OI Shedding : We saw short cover in Mcleodruss, Hdfc and long unwinding was seen in Sun tv, Siemens, Bpcl, Can bank, Mrf

OI Chart Analysis: From the OI Chart we can see that in March Series addition of open interest on the calls front is existent in the band at strike price of 9000-9200 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 8800-8500 indicating it as immediate support zone on the downside.

Epic Research Private Limited is awarded with the Service Excellence Award in the financial services sector for providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers offer recommendations on equity (cash), derivatives, commodity and currency market who deliver updates on the sectors like – stocks tips, commodity trading, FOREX trading, Derivatives Market Trading Tips etc.

Grab our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
walk into - 411 Milinda Manor, 2 RNT Road, Indore 452001
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/
OR
http://www.epicresearch.co/research/daily-reports/derivatives