MARKET ROUNDUP
The indices, which fell sharply in early trades, attempted a recovery on the back of record fall in WPI-based inflation to -2.65% in April 2015. The market exhibited choppy movement as private banking, IT and pharma stocks witnessed selling pressure, while state-owned banking stocks staged a smart rally on improvement in asset quality.
The NSE Nifty gyrated in a range of 96-odd points. The NSE index from an opening high of 8,233, tumbled to a low of 8,137, before settling a mere 11 points lower at 8,224.

F&O HIGHLIGHTS
Nifty witnessed a sell-off of 100 points in the first few minutes. However, 8150 acted as a support. Throughout the day, it witnessed a gradual recovery and finally ended almost flat losing only 10 points. Nifty future premium declined and settled at 14 point. India VIX closed flat and settled at 20.70
FIIs sold 74 crore while DIIs bought 303 crore in the cash segment. FIIs sold |1662 crore in index futures and 417 crore in index options. In stock futures, they bought 111 crore
The highest Put base is at the 8000 strike with 47 lakh shares while the highest Call base is at the 8500 strike with 53 lakh shares. The 8300 and 8400 Call strikes saw additions of 2.2 and 3.8 lakh shares, respectively. The 7800 and 8000 Put strikes saw additions of 1.5 and 0.4 lakh shares, respectively

INDEX OUTLOOK
Nifty Future : Nifty is likely to open positive on the back of strong global cues. It is likely to trade in the range of 8180-8270. Buy Nifty in the range of 8200-8210 for targets of 8240-8260, stop loss: 8185
Bank Nifty Future: The banking index continued to see strength from lower levels and once again ended above 18000. We expect the current move to extend towards 18500. Buy Bank Nifty in the range of 18000-18050, targets: 18200-18250, stop loss: 17900

STOCK ANALYSIS
OI addition : We saw long built up in Orientbank,Abirlanuvo,Jublfood,Bharatforge,while short built up was seen adaniports. Arvind, lichsgfin, powergrid, Tatachem
OI Shedding : We saw short covering in Biocon, Jindalstel, glenmark, Pnb, Jswsteeland long unwinding was seen in NIL.

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