MARKET ROUNDUP
It was a day of twists and turns as indices went through constant ups and downs throughout the day. Nifty did manage to surpass its previous day's high but eventually gave up all its day's gains owned to selling pressure in the power, telecom and the banking stocks
NSE Nifty moved in a range of 75 points, the index touched a high of 8,356, and a low of 8,281 today. The Nifty eventually settled 11 points lower at 8,321.

F&O HIGHLIGHTS
Post a flat start, the Nifty remained lacklustre throughout the day and finally ended almost flat losing 7 points. Nifty future premium declined and settled at 37 point. India VIX rose 0.33% to settle at 17.36 .
FIIs sold 757 crore while DIIs bought 979 crore in the cash segment. FIIs sold 924 crore in index futures and bought 705 crore in index options. In stock futures, they bought 1030 crore.
The highest Put base is at the 8100 strike with 36 lakh shares while the highest Call base is at the 8600 strike with 39 lakh shares. The 8600 and 8500 Calls saw additions of 2.4 and 4.2 lakh shares, respectively. The 8400 and 8300 Put strikes saw additions of 0.6 and 1.0 lakh shares, respectively.

INDEX OUTLOOK
Nifty Future : Nifty is likely to open gap down on the back of mixed global cues. It is likely to trade in the range of 8290-8380.
Bank Nifty Future: SBI and select private sector banks have performed well. Positions are building up in 19000 strike Calls and 18300 & 18000 strike Puts indicating a broader range for the coming days.

STOCK ANALYSIS
OI addition : We saw long built up in Dabur, Hind zinc, Amtek auto, kotakbank, ongc,while short built up was seen petronet, cairn, irb , axisbank.
OI Shedding : We saw short covering in sksmicro, tcs, lichousing, mindtree,and long unwinding was seen in power grid.

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