Epicresearch Weekly Derivatives Market Trading News On 2nd Feb 2015
MARKET ROUNDUP
The Nifty ended January series with its biggest monthly gains in last 8 months of 9.42%. Expiry day movement was visible as Nifty saw sharp recovery from the day lows, lead by VWAP buying from the traders in last half hour.
The market were under selling pressure for a major part of the trading day on account of weak global cues, profit-taking and expiry related pressure for January derivatives.

F&O HIGHLIGHTS
Post a record high opening, the index was unable to carry on momentum on the back of selling in banking and other heavyweight stocks. The Nifty, however, ended 144 points lower. Nifty future premium increased and settled at 64 points. India VIX increased 3.80% and settled at 20.17.
FIIs sold 772 crore while DIIs sold 38 crore in the cash segment. FIIs bought 72 crore in index futures and 1318 crore in index options. In stock futures, they sold 1608 crore.
The highest Put base is at the 8500 strike with 24 lakh shares while the highest Call base is at the 9000 strike with 53 lakh shares. The 9000 and 9100 Calls saw addition of 18.19 and 5.70 lakh shares, respectively. The 8700 and 8600 Put strikes saw addition of 1.92 and 1.26 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open negative on the back of weak global cues. It is likely to trade in the range of 8830-8905.
Bank Nifty Future: February series started with fresh addition on the short side. Even the price ratio of Bank Nifty/Nifty has started retracing indicating banking stocks are likely to remain under pressure and volatile.

STOCK ANALYSIS
OI addition : We saw long built up in Andhra bank, Ibrealest, Hcltech, Tech m, Hdil short built up was seen in Coal india, Bankbaroda, Exid ind, Allahabad bank,Tcs
OI Shedding : We saw short cover in Sks micro, Upl, Micro while no long unwinding was seen in Idfc, Axis bank, Tatasteel,Bank baroda, India cement

OI Chart Analysis: From the OI Chart we can see that in February Series addition of open interest on the calls front is existent in the band at strike price of 8900-9000 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 8900-8800 indicating it as immediate support zone on the downside

Epic Research Private Limited is awarded with the Service Excellence Award in the financial services sector for providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers offer recommendations on equity (cash), derivatives, commodity and currency market who deliver updates on the sectors like – stocks tips, commodity trading, FOREX trading, derivatives market trading tips etc.

Grab our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
walk into - 411 Milinda Manor, 2 RNT Road, Indore 452001
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/
OR
http://www.epicresearch.co/research/weekly-reports/derivatives