MARKET ROUNDUP
Equity markets swung in a narrow range and eventually ended almost unchanged on Wednesday amid a highly volatile trading session. Sentiment remained lower on fears of US interest rate decision and weaker China economic data.
The NSE Nifty moved in a range of 73 points, the index from a low of 8,682, bounced back to a high of 8,756, before settling with a loss of 12 points at 8,700. The Bank Nifty ended almost unchanged at 19,045.

F&O HIGHLIGHTS
Post a flat start, the Nifty continued to remain in a range amid high volatility throughout the day. It finally ended only 12 points lower. Nifty future premium increased and settled at 51 points. India VIX fell 2.57% and settled at 15.13.
FIIs sold 445 crore while DIIs sold 339 crore in the cash segment. FIIs bought 337 crore in index futures and 123 crore in index options. In stock futures, they sold 297 crore.
The highest Put base stands at the 8500 strike with 47 lakh shares while the highest Call base is at the 9000 strike with 59 lakh shares. The 8800 and 9000 Calls saw additions of 4.30 and 2.70 lakh shares, respectively. The 8600 and 8500 Put strikes saw additions of 3.30 and 2.00 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8750-8830.
Bank Nifty Future: The index remained choppy in a range. The additions in 19000 and 19500 strikes point towards the consolidation for the week. We feel that unless the index is below 19500 it is a sell on rise opportunity

STOCK ANALYSIS
OI addition : We saw long built up in Hcltech, Voltas, Recltd, Igl, Pfc while short built up was seen in Just-dial, mindtree, Ultratech cement, Axis bank
OI Shedding : We saw short cover in Century tex, Apollotyre, Ucobank, Nhpc and long unwinding was seen in Jswenergy

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 9000-9100 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 8700-8600 indicating it as immediate support zone on the downside.

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