Epicresearch.co Weekly Derivatives Trading News From 23 To 27 March 2015

MARKET ROUNDUP
Market declined this week led by correction in banks and realty stocks especially. Some concerns emerged after Finance Minister Arun Jaitley said the government will take steps to help farmers hit by unseasonal rain and hailstorms.
Any financial assistance and loan waivers could bring pressure on the government finances and market appeared to be worried about the same. In the coming week, volatility is likely to escalate due to F&O expiry.

F&O HIGHLIGHTS
Post a flat start, the Nifty remained under pressure throughout the day. With stocks extending their losses for the second day, the index ended another 64 points lower. The Nifty future premium increased and settled at 31 point. India VIX fell 6.17% and settled at 14.26.
FIIs bought 355 crore while DIIs sold 219 crore in the cash segment. FIIs sold 575 crore in index futures and 1316 crore in index options. In stock futures, they sold 19 crore.
The highest Put base stands at the 8500 strike with 52 lakh shares while the highest Call base is at the 9000 strike with 50 lakh shares. The 8700 and 8600 Calls saw additions of 4.33 and 7.70 lakh shares, respectively. The 8600 and 8700 Put strikes saw reductions of 2.52 and 8.61 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 8600-8670.
Bank Nifty Future: The index remained under pressure below 19000 with further addition of shorts positions. The momentum is likely to take the index towards 18500-18300.

STOCK ANALYSIS
OI addition : We saw long built up in Irb infra, Powergrid, Bhartiartl, Sail, Ambujacement while short built up was seen in Sun tv, Idea, Hdil, Boschltd,Lichousing fin
OI Shedding : We saw short cover in Hdfcbank. Jubliantfood, Bata india, Cesc and long unwinding was seen in Adanipower, Wockpharma, Iob, Ibrealest

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

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