MARKET ROUNDUP
After digesting a weak set of economic data, in the form of slower IIP growth rate, and slightly faster retail inflation, the market chose to ignore a sharp fall in WPI-based inflation to -2.06 per cent for February 2015.
The NSE Nifty swung in a range of 50-odd points; the index touched a high of 8,663 and a low of 8,612 during the course of the day. The Nifty finally ended 15 points lower at 8,633.

F&O HIGHLIGHTS
Post a flat start, the index remained in a tight band amid high volatility throughout the day. Finally, it ended 14 points lower. Nifty future premium increased and settled at 32 points. India VIX rose 1.41% and settled at 15.20.
FIIs sold 763 crore while DIIs bought 159 crore in the cash segment. FIIs sold 140 crore in index futures and 835 crore in index options. In stock futures, they bought 277 crore.
The highest Put base stands at the 8400 strike with 49 lakh shares while the highest Call base is at the 9000 strike with 55 lakh shares. The 8700 and 8800 Calls saw additions of 2.70 and 5.90 lakh shares, respectively. The 8500 and 8400 Put strikes saw additions of 2.18 and 3.85 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future: The Nifty is likely to open gap up on the back of strong global cues. It is likely to trade in the range of 8640-8730.
Bank Nifty Future: In the last session, Bank Nifty (spot) reverted from near its key support of100 DMA near 18600. In the options segment as well, the Put writing has got magnified at 18500 strikes making it the highest Put base. Hence, a pullback is expected in today’s session.

STOCK ANALYSIS
OI addition : We saw long built up in Hcltech, Wockpharma, Century tex, Petronet while short built up was seen in Hindalco, Cipla, Kotakbank, Sslt, Cairn
OI Shedding : We saw short cover in Suntv, Unionbank, Auropharma, Sksmicrofin, Zeel and long unwinding was seen in Apollotyre, Pfc, Exidind, Recltd

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

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