Epic Research Daily Derivatives Market Trading News On 3 March 2015

MARKET ROUNDUP
The Indian equity market kicked off the week with a bang as indices ended at record closing highs on Monday led by gains in the banking, capital goods, pharma and oil marketing stocks.
A late rally eventually helped the Nifty settle at a record closing high at 8,957 - up 55 points. In the process, the NSE index has rallied over 3 % (273 points) in the last three trading sessions.

F&O HIGHLIGHTS
Post a flat start, volatility remained high throughout the day. However, along with banking, pharma and a few other heavyweights, the Nifty inched another 55 points higher. Nifty future premium declined and settled at 44 points. India VIX fell 6.61% and settled at 15.84.
FIIs bought 425 crore while DIIs bought 180 crore in the cash segment. FIIs bought 851 crore in index futures and 2474 crore in index options. In stock futures, they sold 295 crore
The highest Put base stands at the 8500 strike with 41 lakh shares while the highest Call base is at the 9000 strike with 54 lakh shares. The 9200 and 9400 Calls saw addition of 1.55 and 10.80 lakh shares, respectively. The 8900 and 9000 Put strikes saw additions of 4.20 and 8.75 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 8930-9010.
Bank Nifty Future: As expected, it outperformed. Apart from HDFC Bank, all other banks performed well with Axis and other midcaps supporting well. We feel the momentum is likely to continue up to 20500 in coming days

STOCK ANALYSIS
OI addition : We saw long built up in Voltas, Acc, Wockpharma, Irb infra, Mindtree while short built up was seen in Baja-auto, Tvs motor, Eicher motor, Ubl, Heromotocorp
OI Shedding : We saw short cover in Century textile, Ofss, Biocon and long unwinding was seen in Jppower, Tatamotors, Andhrabank

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 8900-8800 indicating it as immediate support zone on the downside

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