MARKET ROUNDUP
After shutting below 8700 in the previous trading session, the Nifty recovered smartly ahead of the IIP and CPI data. Sensex rallied 271 points, while the Nifty surged 76 points on the back of all-round buying; telecom and insurance stocks also raced ahead.
The NSE Nifty touched a high of 8,787, and eventually ended with a gain of 76 points at 8,776.
The broader market too ended with solid gains. The CNX Midcap and the Smallcap indices rallied over 1.5 % each to 13,334 and 5,794, respectively.

F&O HIGHLIGHTS
Post a positive start, the Nifty was seen moving north on the back of participation by leading sectors. After snapping three days of losses, the index ended 78 points higher. Nifty future premium declined and settled at 37 points. India VIX fell 2.51% and settled at 14.75
FIIs bought 733 crore while DIIs sold 382 crore in the cash segment. FIIs bought 126 crore in index futures and 224 crore in index options. In stock futures, they sold 99 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 55 lakh shares. The 9000 and 9100 Calls saw reductions of 4.25 and 5.70 lakh shares, respectively. The 8800 and 8700 Put strikes saw additions of 3.37 and 4.0 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: Nifty is likely to open positive on the back of strong global cues. It is likely totrade in the range of 8790-8880.
Bank Nifty Future: The Bank Nifty yet again took support near 19000, which is its highest Put base. Along with broader markets, the Bank Nifty is also likely to see a pullback towards 19500. A close above 19500 is likely to open up fresh upsides towards 20000 in the coming days

STOCK ANALYSIS
OI addition : We saw long built up in Voltas, Ntpc,Siemens, Unitech, Idea while short built up was seen in Bajaj-auto, Lichousing fin, Igl, Ofss
OI Shedding : We saw short cover in Relinfra, Itc, Sail, Rpower, Nmdc and long unwinding was seen in Star

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

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