MARKET ROUNDUP
Nifty, which opened in the red and remained choppy throughout the day, finally managed to close above the critical 200-DMA. ICICI Bank alone accounted for 75 percent of the day’s gain for the BSE benchmark; Axis Bank alongwith auto majors - Maruti and Tata Motors were the other major drivers of the day's rally.
The NSE Nifty dipped below the 8,200-level to register a low of 8,185 in the early morning trade. The index thereafter languished around the 8,200-level for the major part of the trading session, before jumping to a high of 8,308. The Nifty eventually settled with a gain of 72 points at 8,286.

F&O HIGHLIGHTS
Post a flat start, the Nifty remained lacklustre for the first half. However, again 8200 acted as a strong support, which acted as a turning point for the day. The index finally ended 72 points higher. Nifty future premium declined and settled at 7 points. India VIX fell 7.07% to settle at 17.41
FIIs sold 1533 crore while DIIs bought 1537 crore in the cash segment. FIIs sold 408 crore in index futures and 423 crore in index options. In stock futures, they bought 1264 crore
The highest Put base stands at the 8200 strike with 52 lakh shares while the highest Call base is at the 8500 strike with 47 lakh shares. The 8200 and 8300 Calls saw additions of 5.3 and 6.7 lakh shares, respectively. The 8100 and 8200 Put strikes saw additions of 8.1 and 5.5 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 8250-8350. Sell Nifty in the range of 8325-8330 for targets of 8295-8275, stop loss: 8345
Bank Nifty Future: On the back of aggressive short covering, the index again ended above the important 18000 level and returned to the previous band of 18100-18500. Due to expiry, we may see sharp volatility in coming days. Buy Bank Nifty in the range of 18100-18140, targets: 18220-18350, stop loss: 18030.

STOCK ANALYSIS
OI addition : We saw long built up in Idea,Siemens, Zeel, Sslt, Tatamotors, while short built up was seen Bhartiartl.
OI Shedding : We saw short covering in Crompgreav, Eichermot, Siemens, Idea, Canbk,and long unwinding was seen in Hindunilvr, Ambujacem, Ntpc, Godrejind,Dlf.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 8600-8500 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 8400-8300 indicating it as immediate support zone on the downside.

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