MTECHTIPS EQUITY MARKET NEWS

MTECHTIPS:-Market Snapshot
Nifty futures could not able to sustain at higher level around 5450 zone in the absence of follow up buying interest and profit booking was seen in the later half of trading session. For the first half both Bulls and Bears were fighting to get their grip on the market as heavy activity was seen on 5400 calls & puts. Nifty for the day if it sustains above 5450 zone then further positive move may be continued towards 5480-5500 levels. Whereas on downside if it fails to hold 5400 levels then only selling pressure may be seen towards 5370-5350 levels.Nifty future saw marginal increase in OI by 0.36% with marginal fall in price by 0.2%. Market witnessed marginal buying interest in HC, Auto and IT sector stocks whereas selling pressure was seen in Realty, Power, TECK, CG and CD sector stocks. Nifty future closed at premium of 18 points as compare to previous day's premium of 21 points.

MTECHTIPS:-Options Analysis
On the Options front, maximum Call OI is stood at 5500 strike price whereas maximum Put OI is at 5300 followed by 5000 strike price. Despite market closing in negative PCR moved up indicating that put writers are getting more aggressive as compared to call writers. The Put Call Ratio based on Open Interest of Nifty moved up significantly from 1.27 to 1.30 levels. HV of Nifty moved down from 16.12 to 15.66 levels and IVs also moved down from 14.59 to 14.54 levels. The market turnover increased by 4.83% in terms of number of contracts traded vis--vis previous trading day whereas in terms of rupees increased by 4.47%.

MTECHTIPS:-Technical Snapshot
The Nifty futures after showcasing a strong performance in the last session, stock markets in India slipped into consolidation mode on Wednesday, as investors booked their profit due to lack of fresh trigger. Though, in the last leg of trade, bourses gained some strength and got its green trajectory back to close strongly above the 5400 levels. The markets hardly budging from their previous closing levels as investors lacked conviction to open fresh positions amid a lot of uncertainties surrounding the global as well as domestic markets.The key gauges gyrated in a tight range in negative territory for most part of the day as sentiments remain subdued as interest rate sensitive realty shares fell on profit booking after recent gains, triggered after data released last week showed that the rate of growth in inflation based on the wholesale price index (WPI) fell to the slowest pace in nearly three years in July 2012, building hopes that the central bank will find more space to ease monetary policy and revive industrial growth. Moreover, power space still feeling the impact of CAG report and declined by about 0.80 percent. Private power producers like Tata Power, RPower, Adani Power, GMR Infra and Reliance Infrastructure all edged lower as CAG report said the loss was due to allocation of coal mines to private players.Meanwhile, the markets overall volumes stood over Rs 1.50 lakh crore on Wednesday. The market breadth remained optimistic as there were 1,277 shares on the gaining side against 1,223 shares on the losing side while 137 shares remained unchanged.