Epicresearch Daily Derivatives Market News Updates On 14 January 2015

MARKET ROUNDUP
Markets are expected to witness a mixed session today would continue to remain volatile until the Greece elections,which are to be held on January 25. Corporate results would also be important to watch out.
U.S. stocks closed in the red amid a volatile session, as oil prices neared lowest level in five years and copper prices plunged. European markets edged higher led by upsurge in retail stock

F&O HIGHLIGHTS
Post a positive start, the Nifty was unable to grasp the ongoing momentum and no major trend was seen throughout the day. However, a sell off was seen towards the end, which drove the index to end 25 points down. Nifty futures premium increased and settled at 38 points. India VIX increased 2.38% and settled at 16.48
FIIs bought | 235 crore while DIIs bought | 46 crore in the cash segment. FIIs bought | 441 crore in index futures and 572 crore in index options. In stock futures, they sold 12 crore
The highest Put base is at the 8000 strike with 73 lakh shares while the highest Call base is at the 8400 strike with 46 lakh shares. The 8600 and 8700 Calls saw addition of 2.01 and 2.55 lakh shares, respectively. The 8300 and 8200 Put strikes saw addition of 2.20 and 5.11 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8320-8400. Sell Nifty in the range of 8368-8373 for targets of 8340-8320, stop loss: 8390
Bank Nifty Future: The index has seen consolidation in the range of 18500-18950 for a couple of days. The overall setup on the options front and the inflows by FII are indicating that 19000-19100 can be seen with 18500 as an intermediate support. Buy Bank Nifty

STOCK ANALYSIS
OI addition : We saw long built up in Just dial, Tvsmotor, Mondtree, Sksmicro, Igl short built up was seen in Irb infra, Apollotyre, Ibrealest, Indusindbank, Siemens
OI Shedding : We saw short cover in Canara bank, Tatacomm, Idfc,Nmdc, Mothersumi while long unwinding seen in Ioc, Lupin, Havells, Sunpharma

OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on the calls front is existent in the band at strike price of 8400-8500 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 8200-8100 indicating it as immediate support zone on the downside.

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