- The Nifty index settled slightly higher while the India VIX index increased. Put options at 8000 strike price saw increased open interest. - Among stocks, Power Grid and Coal India saw gains over 2% while Bharti Airtel and Idea Cellular declined over 3%. - Open interest decreased for State Bank of India futures and increased for Nifty January futures overall.

1. Nifty Options - OI Distribution
 The Nifty was up by 12.75 points or 0.16% to
settle at 8,192.25.
 As per the OI data, the maximum OI outstanding
for Calls was at 8200 SP and that for Puts was at
8000 SP. Besides, for intraday purpose, one could
use sell on rise strategy upto the level of 8200
for Target of 8100 with SL of 8230.
 Nifty January 2017 futures closed at 8196.50 on
Tuesday at a premium of 4.25 points over spot
closing of 8192.25.
 Among Nifty calls, 8200 SP from the January
month expiry was the most active call with a
contraction of 90 thousand open interests.
Among Nifty puts, 8100 SP from the January
month expiry was the most active put with an
addition of 2.5 Lakh open interests.
 Nifty January futures saw an addition of 1.9 Lakh
units, taking the total outstanding open interest
to 1.72 Cr. units.
 Among most active underlying, State Bank of
India witnessed a contraction of 12.7 Lakh of
Open Interest in the January month futures
contract, followed by Maruti Suzuki India
witnessing an addition of 1 thousand of Open
Interest in the January month contract, Bharat
Financial Inclusion witnessed a contraction of 1.1
Lakh of Open Interest in the January month
contract.
 The top gainers on Nifty were Power Grid up by
2.64%, Coal India up by 2.32%, BHEL up by 2.04%,
Yes Bank up by 1.87% and Axis Bank up by 1.61%.
On the flip side, Bharti Airtel down by 3.22%, Idea
Cellular down by 2.40%, Bosch down by 1.41%,
Hero MotoCorp down by 1.34% and Tata Motors
down by 1.34% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
4th Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 1,909 2,410 (500)
DIIs 2,124 1,562 562
Net Value
Net Value 46,629 44,692 1,937
Index Futures 1,665 1,707 (42)
Index Options 35,472 34,099 1,373
Stock Futures 6,781 6,156 625
Stock Options 2,711 2,730 (19)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-300000
-200000
-100000
0
100000
200000
300000
400000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 0.81% and
reached 15.95.
 The Nifty Put Call Ratio (PCR) finally stood at 1.20 for
January month contract .
 The top five scrips with highest PCR on OI were TVS
Motor (1.85), Ajanta Pharma (1.79), Maruti Suzuki
India (1.52), KPIT Technologies (1.47) and DLF(1.46).
India VIX v/s Nifty Chart
4th Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
ICICIBANK 254.60 0.67 -5.49 256.89
APOLLOTYRE 187.95 0.56 -4.29 188.98
GRANULES 111.65 2.76 -3.64 113.37
IRB 206.2 0.63 -3.59 207.42
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
DIVISLAB 778.75 -2.50 10.41 764.83
WIPRO 468.60 -0.98 8.20 465.49
HEROMOTOCO 2989.75 -1.59 7.10 2973.73
STAR 1051.15 -2.05 5.52 1038.09
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
AJANTPHARM 1799.25 -1.66 -10.23 1781.60
JPASSOCIAT 8.25 -1.20 -5.66 8.04
JETAIRWAYS 364.05 -0.01 -3.69 360.13
BHARATFORG 923.10 -0.66 -3.34 915.46
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
SUNTV 524.05 4.14 12.43 533.75
IGL 940.75 2.68 12.41 952.61
CEATLTD 1193.75 0.79 11.47 1206.30
IOC 339.60 4.86 9.26 346.51

3. Contact Us
Kkunal Parar
Sr. Research Associate
kkunal.parar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
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Kapil Shah
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Research Associate
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4th Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2017.01.04 09:01:14 +05'30'