MTECHTIPS EQUITY MARKET NEWS MTECHTIPS:-Market Snapshot Nifty futures after a dull start could not able to sustain

at higher levels and selling pressure was seen for the entire trading session. The selling was mainly seen in Realty, Oil & Gas, CG, CD, IT, Power, Auto and Banking sector space. Nifty future saw marginal decrease in OI by 0.28% with a fall in price by 1.31%. Market witnessed selling pressure across the board except in HC space. Nifty future closed at premium of 25 points as compared premium of 30 points in previous trading session. Nifty for the day, if it sustains 5750 levels then only rally may be seen towards 5800 levels which will act as immediate resistance zone for the market whereas if it fails to hold 5700 levels on downside then selling pressure may be seen towards 5670-5650 levels. MTECHTIPS:-Options Analysis
On the Options front, maximum Put OI is at 5600 followed by 5500 strike price whereas maximum Call OI is shifted at 5800 followed by 6000 strike price. Fresh call writing is seen at 5800/5700 strike price suggesting 5800 is likely to act as immediate hurdle for the market.The Put Call Ratio based on Open Interest of Nifty moved down from 1.06 to 1.02 levels.Historical Volatility of Nifty moved up from 17.42 to 17.98 levels and Implied Volatility also moved up from 16.11 to 16.34 levels. The market turnover decreased by 33.91% in terms of number of contracts traded vis--vis previous trading day whereas in terms of rupees decreased by 33.74%.

MTECHTIPS:-Technical Snapshot The Nifty opened the day with small losses, but sustained selling pushed the indices lower. Indices, after a flat start, tried to stick near its pre-close level but, what happened in second half was one way slide of the markets to the lowest levels on the back of selling pressure visible in the heavyweight pockets. Shares of Reliance Industries remained under pressure after Morgan Stanley cut its rating to underweight from equal-weight, citing lack of near-term triggers, expectations for weaker refining margins and valuation. The US investment bank also cited concerns about RILs investments into businesses that offer low return-on-equity, as well as a subdued outlook on petrochemicals.Depreciation in Indian rupee, dampened the sentiments as it declined by 46 paise to Rs 52.31 per dollar at the time of equity market closing on Monday, weighed down by dollars gains overseas. Moreover, selling intensified as Realty counter tumbled three and half percent, led by over seven percent fall in DLF as social activist Arvind Kejriwal accused the company for favoring Robert Vadra, son-in-law of Congress chief and the UPA Chairperson Sonia Gandhi with easy loans for some undue gains. Oil and Gas space also declined by over two and a half percent, dragged down by RIL, which fell over four and half