MTECHTIPS:-Market Snapshot & Options Analysis:&Technical Snapshot: The Nifty opened the session gap up taking cues from

the world markets, and sudden reformist attitude of the Indian government, but the indices witnessed some selling pressure around highs. The Nifty closed the session, with gans, but lower from its intraday highs. The sentiments remained jubilant throughout the days trade but, the bourses trimmed their gains quite drastically in noon trade despite the Reserve Bank of India (RBI) slashing cash reserve ratio by 25 basis points to 4.5%, as market seemed to be expecting more than what the RBI delivered today.Sentiments also got boost from aviation stocks like Kingfisher Airlines, Jet Airways and SpiceJet, which also shot up after the government allowed 49% FDI in the sector. Retail stocks too aided the sentiments and stocks like Pantaloon Retail, Shoppers Stop, Trent and CESC rallied after the government approved 51% FDI in multibrand retail sector. Meanwhile, Dish TV, WWIL, Den Networks and Hathway Cable climbed higher after receiving 74% FDI approval in broadcast carriage services. support also came in from metal stocks like Jindal Steel & Power, Sesa Goa, Sterlite Industries and SAIL surged after LMEX, a gauge of six metals traded on the London Metal Exchange, jumped 4.31% on Saturday.The broader markets outperformed benchmarks and ended the session with a gain of over a percent.Nifty futures continued to maintain it northward journey for the ninth consecutive trading session with gain of more than 400 odd points. After RBI policy declaration Infra, Capital Goods and Banking stocks witnessed huge buying interest from lower levels. Nifty future saw increase in OI by 5.41% with a rise in price by 0.57%. Market witnessed buying interest in Realty, CG, Bankex, Power, Oil & Gas, Auto, Metal, CD and PSU sector stocks whereas selling pressure was seen in FMCG, IT, TECK and HC sector stocks. Nifty future closed at premium of 7 points as compared premium of 15 points in previous trading session. Nifty may face strong hurdle near 5700 psychological levels whereas on downside 5600 zone may act as immediate support for the market and if it fails to hold these levels then unwinding in puts may put more pressure towards 5550-5520 levels.On the Options front, maximum Put OI is at 5300 followed by 5400 strike price whereas maximum Call OI is at 5600 followed by 5700 strike price. The Put Call Ratio based on Open Interest of Nifty significantly moved up from 1.1 to 1.14 levels. Historical Volatility of Nifty slightly moved down from 18.4 to 18.04 levels but Implied Volatility moved up from 15.38 to 16.78 levels. The market turnover decreased by 1.66% in terms of number of contracts traded vis--vis previous trading day whereas in terms of rupees marginally increased by 0.019%.