Epic Research Daily Derivatives Market Trading News On 4th March 2015

MARKET ROUNDUP
The equity market is back to a fresh life-time high on Tuesday as indices continued their bull-run for the fourth straight trading session. Sentiment remained upbeat following a host of positive measures announced in the Union Budget last week.
Yesterday's rally was driven by three index heavyweights viz - Reliance Industries, TCS and HDFC. The trio collectively contributed 184 points to the BSE Sensex and 42 points to the NSE Nifty.

F&O HIGHLIGHTS
Post a flat start, the index managed to close at an all-time high adding another 40 points. Banking witnessed some profit booking whereas, IT, FMCG and capital goods along with oil & gas performed well. Nifty future premium increased and settled at 59 points. India VIX fell 2.24% and settled at 15.49
FIIs bought 773 crore while DIIs sold 304 crore in the cash segment. FIIs bought 1185 crore in index futures and 837 crore in index options. In stock futures, they sold 476 crore.
The highest Put base stands at the 8500 strike with 43 lakh shares while the highest Call base is at the 9000 strike with 49 lakh shares. The 9100 and 9200 Calls saw addition of 2.0 and 2.7 lakh shares, respectively. The 8900 and 9000 Put strikes saw additions of 2.92 and 3.10 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open gap up on the back of the surprise Repo Rate cut by RBI. It is likely to trade in the range of 9075-9180.
Bank Nifty Future: In the last sessions, the index remained sideways. There was a pullback in public sector banks but that does not have much weightage in the index. The rate cut announcement is likely to infuse momentum and the index is expected to touch previous high in coming days

STOCK ANALYSIS
OI addition : We saw long built up in Mindtree, idbi, Havells, Relinfra, Justdial while short built up was seen in Divislab, Eicher motor, Apollotyre, Powergrid, M&m
OI Shedding : We saw short cover in Tata chem, Sslt, Jp power and long unwinding was seen in Yes bank, Dr reddy

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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