MARKET ROUNDUP
Indian equity market closed at its lowest point of the calendar year as Nifty breached below the 8100 mark while the Sensex closed below the 27,000 mark. The Nifty has now lost over 11% post hitting its all time highs in March 2015. The Sensex slumped 723 points, while the NSE index tanked 228 points.
NSE Nifty tumbled below the 8,100-level to touch a low of 8,083. The Nifty ended with a steep loss of 2.7 percent (228 points) at 8,097 - for the first time since 17 December, 2014.

F&O HIGHLIGHTS
Nifty continued its downtrend and breached the crucial level of 8000 during trade on the back of severe selling pressure seen in banking stocks. The Nifty ended at 8057, down almost 0.5% while the Bank Nifty lost almost 2.5%. India volatility index closed almost flat at 19.65 levels
FIIs sold 1361 crore while DIIs bought 1158 crore in the cash segment. FIIs sold 947 crore in index futures and bought 484 crore in index options. In stock futures, they bought 984 crore
The highest Put base is at the 8000 strike with 43 lakh shares while the highest Call base is at the 8500 strike with 42 lakh shares. The 8100 and 8200 Calls saw additions of 4.4 and 4.2 lakh shares, respectively. The 8000 and 7800 Put strikes saw additions of 1.3 and 8.2 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future : Nifty is likely to open gap up on the back of strong global cues. It is likely to trade in the range of 8100-8200. Sell Nifty in the range of 8155-8165 for targets of 8130-8100, stop loss: 8185
Bank Nifty Future: The index closed below the important level of 17500 with good addition of open interest on the short side. Unless the index remains below 17800, the momentum may collapse on the higher side and we may see choppy trade. Sell Bank Nifty in the range of 17680-17720, targets: 17600- 17500, stop loss: 17770.

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.

Epic Research Investment Adviser is awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – equity trading, commodity trading, FOREX trading, Derivatives Market Trading Tips etc.

Our research Team give recommendations on the following -
equity (cash)
derivatives
commodity and
currency

Keep track our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/
OR
http://www.epicresearch.co/research/daily-reports/derivatives