MARKET ROUNDUP
Indian equity markets took a breather on Friday as the indices ended on flat note. Market participants preferred to remain cautious ahead of the industrial production data which is scheduled to be announced on Monday.
The NSE Nifty moved in a tight range of 54-odd points. The index touched a high of 8,787, and a low of 8,734, before settling at mere two points higher at 8,780.

F&O HIGHLIGHTS
Post a flat start, the Nifty was seen remaining in a tight band amid high volatility.It finally ended the session almost flat. Nifty future premium declined and settled at 31 point. India VIX fell 1.13% to settle at 14.24
FIIs bought 363 crore while DIIs sold 135 crore in the cash segment. FIIs sold 214 crore in index futures and bought 633 crore in index options. In stock futures, they sold 359 crore.
The highest Put base stands at the 8500 strike with 51 lakh shares while the highest Call base is at the 9000 strike with 46 lakh shares. The 8800 and 8900 Calls saw additions of 5.95 and 1.0 lakh shares, respectively. The 8800 and 8500 Put strikes saw addition of 5.2 and 3.7 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: Nifty is likely to open flat on the back of mixed Asian cues. It is likely to trade in the range of 8780-8860.
Bank Nifty Future: The four-year breakout of the Bank Nifty/Nifty price ratio was placed at 2.10. It as almost tested this breakout level and started moving up. It is currently at 2.15. This means the Bank Nifty may attract buying interest in the coming sessions and could move towards its highest Call base of 19000-19500.

STOCK ANALYSIS
OI addition : We saw long built up in Voltas, Tataglobal, Gmrinfra, Hdil, Godrejind, while short built up was seen in Dishtv, Wockpharma, Lupin, Heromotoco, Cesc .
OI Shedding : We saw short covering in Sslt, Rcom, Ubl, Powergrid, Relinfra, and long unwinding was seen in Irb.

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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