MARKET ROUNDUP
Indices continued to slip with the market exhibiting sluggish movement throughout the day. Key indices swung between zones albeit a very tight range. The Sensex slipped 50 points, and Nifty declined 12 points; Lupin scales new life-time high, while NMDC, Tata Steel drop to 52-week lows.
NSE Nifty moved in a range of 57 points. The Nifty from a high of 8,574, slipped to a low of 8,516, and finally settled with a loss of 12 points at 8,531.The India VIX (Volatility) index plunged nearly 4 per cent to 13.1425.

F&O HIGHLIGHTS
Post a flat start, there was no respite for Call option buyers as the market continued to slide throughout the day. The Nifty finally ended 40 points lower on the future segment. The Nifty future premium declined and settled at 4 point. India VIX fell 3.87% and settled at 13.14
FIIs bought 813 crore while DIIs bought 97 crore in the cash segment. FIIs sold 1387 crore in index futures and bought 1538 crore in index options. In stock futures, they sold 187 crore
The highest Put base stands at the 8500 strike with 58 lakh shares while the highest Call base is at the 8600 strike with 51 lakh shares. The 8600 and 8700 Calls saw additions of 22.81 and 3.65 lakh shares, respectively. The 8600 and 8700 Put strikes saw reduction of 10.33 and 3.80 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 8470-8550.
Bank Nifty Future: Weakness continued in the Bank Nifty as rollover activity has not picked up on Wednesday. As there are still notable positions left for the rollover, choppiness and volatility may remain high today.

STOCK ANALYSIS
OI addition : We saw long built up in Apollo hospital, Tatamtrdvr, Irb, Hexaware, Dabur while short built up was seen in Havells, Lichousing fin, Divislab, Asian paint,Pnb
OI Shedding : We saw short cover Godrej Ind, Justdial, Upl, Jswenergy, Hcltech and long unwinding was seen in Ibrealest, Ntpc, Reliance, Techm

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 8800-8600 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 8500-8400 indicating it as immediate support zone on the downside

Epic Research Private Limited is awarded with the Service Excellence Award in the financial services sector for providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers offer recommendations on equity (cash), derivatives, commodity and currency market who deliver updates on the sectors like – stocks tips, commodity trading, FOREX trading, Derivatives Market Trading Tips etc.

Grab our offers and services by FREE TRIAL +91 731 6642300
give Missed call at 02653090639
walk into - 411 Milinda Manor, 2 RNT Road, Indore 452001
SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/
OR
http://www.epicresearch.co/research/daily-reports/derivatives