Epicresearch Daily Derivatives Market Trading News On 15 January 2015

Epicresearch Daily Derivatives Market News Updates On 15 January 2015

MARKET ROUNDUP
The market witnessed a sharp intra-day panic today owing to heavy selling in the metal stocks. Global commodity prices, copper in particular, slumped to fresh six-year lows on worries over global economic recovery.
Renewed buying interest in select IT heavyweights and ONGC helped the Sensex recoup losses and sneak into positive zone for a brief while in late noon deals. The NSE Nifty touched a high of 8,326 in early trade, and thereafter slumped to a low of 8,237 -down 90 points in intra-day trade.

F&O HIGHLIGHTS
Post a flat start, the Nifty traded in a broader range with choppy bias amid high volatility and finally ended 22 points down. Nifty futures premium increased and settled at 30 points. India VIX increased 4.64% and settled at 17.24
FIIs sold 70 crore while DIIs sold 224 crore in the cash segment. FIIs bought 178 crore in index futures and 320 crore in index options. In stock futures, they sold 244 crore
The highest Put base is at the 8000 strike with 76 lakh shares while the highest Call base is at the 8400 strike with 48 lakh shares. The 8400 and 8500 Calls saw addition of 2.77 and 3.20 lakh shares, respectively. The 8200 and 8100 Put strikes saw reductions of 4.40 and 2.45 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: The Nifty is likely to gap up on the back of surprise RBI action of Repo rate cut of 25 bps to 7.75%.
Bank Nifty Future: The index has moved towards the lower band of its current consolidation level of 18500-18950. With Surprise action by RBI, the Bank Nifty is likely to move towards our monthly derivatives target of 19000 & 19500.

STOCK ANALYSIS
OI addition : We saw long built up in Yes bank, Hindunilvr, Cesc, Maruti, Dabur short built up was seen in Tatasteel, Hindalco, Sslt, Gail.Crompgreav
 OI Shedding : We saw short cover in Ofss, Jain irrigation, Adani port, Arvind, Bataindia while long un-winding seen in Divislab, Suntv, Reliance, Tatapower, Idbi

OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on the calls front is existent in the band at strike price of 8400-8500 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 8200-8100 indicating it as immediate support zone on the downside

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