MARKET ROUNDUP
Market today displayed immense strength on the back of positive global cues, mainly due to a rate cut in China, positive earnings surprises and hopes of a rate cut by RBI. Following Friday's 500-point rally, the Nifty added another ton to the current relief rally. In the past three sessions, Nifty has gained over 300 points.
The NSE Nifty opened with a positive gap of 50-odd points at 8,243, and went on to rally past the 8,300-level to touch a high of 8,333. The Nifty finally ended with a gain of 136 points at 8,325.

F&O HIGHLIGHTS
Nifty started the current week on an optimistic note. The ongoing momentum continued for all major sectors, helping the index to end another 134 points higher. Nifty future premium declined and settled at 17 point. India VIX fell 2.53% to settle at 18.62
FIIs bought 170 crore while DIIs bought 329 crore in the cash segment. FIIs bought 296 crore in index futures and 975 crore in index options. In stock futures, they bought 843 crore
The highest Put base is at the 8000 strike with 52 lakh shares while the highest Call base is at the 8500 strike with 48 lakh shares. The 8300 and 8500 Call strikes saw additions of 1.1 and 1.7 lakh shares, respectively. The 8200 and 8300 Put strikes saw additions of 15.0 and 10.8 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future : Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 8280-8350
Bank Nifty Future: On the back of positive result by Bank of Baroda, all PSU banks saw good participation followed by ongoing participation by private sector banks. The index managed to close above 18000 indicating the momentum is likely to continue up to 18400-18500.

STOCK ANALYSIS
OI addition : We saw long built up in Dabur, Hind zinc, Amtek auto, kotakbank, ongc,while short built up was seen petronet, cairn, irb , axisbank.
OI Shedding : We saw short covering in sksmicro, tcs, lichousing, mindtree,and long unwinding was seen in power grid.

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