MARKET ROUNDUP
After hitting a day’s high in the first half, the indices came tumbling down to end with marginal losses on Tuesday. Heavy selling pressure was seen in Oil & Gas, Auto and FMCG stocks. However, IT shares helped the market limit its losses.
NSE Nifty had surged to breach 8,400-level at 8,428, up 54 points from the previous close. The index, however, shed almost 100 points from day's high to a low at 8,335. The Nifty eventually ended with a marginal loss of eight points at 8,366.

F&O HIGHLIGHTS
Follow-up momentum continued on Tuesday also for a majority of the day. However, towards the end, a sharp sell-off pulled it down by 70 points from the day’s high. The Nifty finally ended the volatile session 8 points lower. Nifty future turned into a premium of 1 point. India VIX rose 2.05% to settle at 18.27
FIIs bought 48 crore while DIIs bought 451 crore in the cash segment. FIIs bought 648 crore in index futures and 1048 crore in index options. In stock futures, they bought 327 crore
The highest Put base stands at the 8000 strike with 54 lakh shares while the highest Call base is at the 8500 strike with 51 lakh shares. The 8500 and 8400 Calls saw additions of 4.0 and 5.8 lakh shares, respectively. The 8300 and 8400 Put strikes saw additions of 6.5 and 6.2 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: Nifty is likely to open positive on the back of mixed global cues. It is likely to trade in the range of 8300-8400. Buy Nifty in the range of 8330-8340 for targets of 8370-8390, stop loss: 8315
Bank Nifty Future: Private sector banks are performing well, helping the Bank Nifty to hold above 18100. This momentum is likely to continue up to 18500 with sharp intraday volatility. Buy Bank Nifty in the range of 18200-18240, targets: 18300-18400, stop loss: 18120

OI addition : We saw long built up in Dr. reddy, Bharatforg, Justdial, Voltas, Relinfra, while short built up was seen in Colpal, mothersumi, Suntv, TVSmotor, Mindtree.
OI Shedding : We saw short covering in IRB, Wipro, Century, Petronet, Lt, long unwinding was seen in TATAglobal, Srtransfin, Apollohosp, Jppower, Recltd

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