MARKET ROUNDUP
After falling for eight consecutive trading sessions, the unabated selling pressure seems to have finally come to an end as the Indian equity market bounced back sharply on Monday.
Sensex surged over 500 points registering its second best performance so far this year while Nifty crossed the 8,500-.....level during the day with a 150-point rally. The NSE Nifty soared to a high of 8,505, and eventually ended with a stupendous gain of 151 points at 8,492.

F&O HIGHLIGHTS
Post a gap up opening, the momentum was seen continuing throughout the day. With all major sectors ending positive, the Nifty also gained over 152 points towards the end. The Nifty future premium fell and settled at 65 point. India VIX fell 1.60% and settled at 14.26
FIIs sold 204 crore while DIIs bought 652 crore in the cash segment. FIIs sold 228 crore in index futures and bought 1406 crore in index options. In stock futures, they bought 886 crore
 The highest Put base stands at the 8400 strike with 31 lakh shares while the highest Call base is at the 9000 strike with 28 lakh shares. The 8500 and 8600 Calls saw additions of 1.51 and 1.48 lakh shares, respectively. The 8400 and 8500 Put strikes saw additions of 6.58 and 5.84 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 8500-8580.
Bank Nifty Future: The short covering trend continued for the second day after the expiry. The Bank Nifty managed to close marginally above the intermediate hurdle of 18500 indicating the momentum is likely to continue today as well. On the higher side, the next levels would be 18700

STOCK ANALYSIS
OI addition : We saw long built up in Irb infra, Justdial, Hindpetro, Dabur, Mothersumi while short built up was seen in Mindtree, Apollohospital, Techm, Tatapower, Jswenergy
 OI Shedding : We saw short cover in Cesc, Itc, Heromotocorp, Ongc,M&m and long unwinding was seen in the Powergrid, Jindalsteel

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 8600-8500 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 8300-8200 indicating it as immediate support zone on the downside

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