#ChoiceBroking #Derivative Direction

1. Nifty Options - OI Distribution
 The Nifty was up by 14.90 points or 0.18% to
settle at 8,261.75.
 As per the OI data, the maximum OI
outstanding for Calls was at 8300 SP and that
for Puts was at 8000 SP which indicates for
overall range of the Nifty for the month of
December. Moreover, if Nifty gives close
above 8300 level then we might witness good
upside movement till then sell on rise would
be the fruitful strategy.
 Nifty December 2016 futures closed at
8277.00 on Friday at a premium of 15.25
points over spot closing of 8261.75.
 Nifty December futures saw an addition of
0.29 million (mn) units, taking the total
outstanding open interest (OI) to 17.15 million
(mn) units.
 Among Nifty calls, 8300 SP from the December
month expiry was the most active call with a
addition of 0.18 million open interests.
 Among Nifty puts, 8200 SP from the
December month expiry was the most active
put with an addition of 4.22 million open
interests.
 Among most active underlying, Sun TV
Network witnessed a contraction of 0.45
million of Open Interest in the December
month futures contract, followed by State
Bank of India witnessing an addition of 0.29
million of Open Interest in the December
month contract.
 The top five scrips with highest PCR on OI
were Colgate-Palmolive (India) (3.36), Hero
MotoCorp (1.74), Eicher Motors (1.67), Apollo
Hospitals Enterprise (1.41) and Vedanta (1.27).
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
12th Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
-600,000
-400,000
-200,000
0
200,000
400,000
600,000
800,000
7600770078007900800081008200830084008500
Call Put
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
7600770078007900800081008200830084008500
Call Put
Buy Value Sell Value Net Value
FIIs 3,663 3,462 201
DIIs 1,608 1,319 290
Net Value
Net Value 36,965 36,940 25
Index Futures 1,671 1,430 241
Index Options 27,338 27,317 21
Stock Futures 5,312 5,504 (192)
Stock Options 2,644 2,689 (45)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 2.94% and
reached 15.06.
 In the index option segment, maximum OI continues
to be seen in the 8200-8500 calls and 7800-8200
puts indicating this is the trading range expectation.
 The Put Call Ratio for Nifty stood at 1.25 for the near
month contract.
India VIX v/s Nifty Chart
12th Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
MRF 52647.15 2.25 7.35 53250.69
BIOCON 947.50 2.19 7.32 957.30
PFC 135.65 2.18 7.30 136.83
ORIENTBANK 124.15 4.50 6.17 126.40
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TATAPOWER 77.35 2.18 -7.74 78.25
MCLEODRUSS 152.45 2.14 -6.60 154.13
SUNTV 517.55 7.35 -5.54 534.05
JINDALSTEL 74.4 1.22 -5.09 76.08
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
INFRATEL 359.60 -3.28 19.93 353.35
COALINDIA 307.85 -1.47 7.62 305.56
BHARATFIN 717.70 -0.62 5.03 712.22
JETAIRWAYS 370.5 -1.08 4.91 366.72
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
IRB 191.90 -0.13 -3.86 190.45
UPL 698.25 -0.39 -3.55 691.14
IOC 304.00 -1.07 -3.02 301.00
HDFC 1273.95 -1.32 -2.85 1263.02

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
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
12th Dec’16
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: 2016.12.12 08:55:18 +05'30'