MARKET ROUNDUP
Equity market shut in the red for fifth consecutive trading session on Tuesday. Indices which opened with smart gains and kept going strongly throughout the day saw sudden offloading in the last hour of the session.
The Auto, Banking and Realty stocks were among the major laggards. Key heavyweights were in divergent mode, with HDFC, Bharti Airtel and Reliance lending support to the market, while Tata Motors, HDFC Bank and ICICI Bank were draggers.

F&O HIGHLIGHTS
Post a flat start, volatility was prevalent throughout the day on the back of rollover activity. High churning was seen in stocks whereas sectors like oil & gas, pharma and IT helped the Nifty to end flat. The Nifty future premium increased and settled at 31 point. India VIX fell 4.18% and settled at 13.67
FIIs bought 738 crore while DIIs sold 632 crore in the cash segment. FIIs bought 421 crore in index futures and 358 crore in index options. In stock futures, they sold 349 crore
The highest Put base stands at the 8500 strike with 59 lakh shares while the highest Call base is at the 9000 strike with 44 lakh shares. The 8600 and 8700 Calls saw reductions of 5.55 and 5.82 lakh shares, respectively. The 8600 and 8500 Put strikes saw additions of 2.61 and 5.40 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8560-8650.
Bank Nifty Future: Weakness continued in the Bank Nifty and the price ratio (Nifty/Bank Nifty) came down to 2.14. In the last session, the 18500 Call continued to see aggressive writing. It is likely find resistance in the ongoing March expiry.

STOCK ANALYSIS
OI addition : We saw long built up in Colpal, Jswenergy, Lupin, Asian paint, Exid ind while short built up was seen in Upl, Jubliant food, Apollohospital, Mothersumi, Nmdc
OI Shedding : We saw short cover Axisbank, Biocon,Kotak bank, Suntv, M&m and long unwinding was seen in Hdfcbank, Rcom, Sbin, M&m fin, Tatasteel

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 8500-8400 indicating it as immediate support zone on the downside.

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