#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was up by 11.50 points or 0.13% to settle
at 8,805.05.
 As per the OI data, the maximum OI outstanding
for Calls was at 9000 SP and that for Puts was at
8500 SP. Besides, for trading purpose, one could
Buy Nifty upto 8780 with SL of 8720 for Target of
8850-8900.
 Nifty February 2017 futures closed at 8815.35 on
Monday at a premium of 10.30 points over spot
closing of 8805.05.
 Among Nifty calls, 8800 SP from the February
month expiry was the most active call with an
addition of 1.6 Lakh open interests. Among Nifty
puts, 8800 SP from the February month expiry was
the most active put with an addition of 4.6 Lakh
open interests.
 Nifty February futures saw an addition of 6.3 Lakh
units, taking the total outstanding open interest to
2.23 Cr. units.
 Among most active underlying, State Bank of India
witnessed an addition of 10.3 Lakh units of Open
Interest in the February month futures contract,
followed by Bank of Baroda witnessing an addition
of 87.1 Lakh units of Open Interest in the February
month contract, Yes Bank witnessed an addition of
5.9 Lakh units of Open Interest in the February
month contract.
 The top gainers on Nifty were Eicher Motors up by
3.28%, Yes Bank up by 3.12%, Tata Power up by
2.14%, Kotak Mahindra Bank up by 1.68% and
Mahindra & Mahindra up by 1.67%.
 On the flip side, Bank of Baroda down by 10.56%,
Idea Cellular down by 2.99%, Aurobindo Pharma
down by 2.70%, BHEL down by 1.99% and SBI
down by 1.77% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
14th Feb’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
8,000,000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put
Buy Value Sell Value Net Value
FIIs 3,863 3,557 307
DIIs 1,862 2,034 (172)
Net Value
Net Value 51,950 51,677 274
Index Futures 2,007 1,252 754
Index Options 36,992 36,814 178
Stock Futures 7,419 7,813 (393)
Stock Options 5,533 5,797 (265)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-500000
-400000
-300000
-200000
-100000
0
100000
200000
300000
400000
500000
600000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 3.91% and
reached 13.69.
 The Nifty Put Call Ratio (PCR) finally stood at 1.19 for
February month contract.
 The top five scrips with highest PCR on OI were Oracle
Financial Services Software (2.00), Sun TV Network
(1.79), Tata Consultancy Services (1.36), Bharti Airtel
(1.26) and IDEA (1.23).
India VIX v/s Nifty Chart
14th Feb’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CESC 858.95 2.86 -5.98 868.58
IOC 380.30 0.28 -4.83 382.95
UNIONBANK 143.10 0.18 -4.54 145.58
BHARATFORG 1039.15 2.58 -4.39 1050.80
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
SRF 1598.00 -8.94 30.92 1528.78
BANKBARODA 169.15 -10.19 19.77 163.63
CROMPGREAV 66.85 -6.44 11.14 65.36
IBREALEST 78.6 -1.38 9.77 77.13
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
BANKINDIA 128.40 -4.21 -12.64 125.46
ORIENTBANK 121.20 -3.92 -8.13 118.37
GODREJIND 517.00 -0.66 -6.55 513.41
GMRINFRA 14.30 -3.38 -6.36 13.94
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
YESBANK 1453.25 2.62 6.04 1470.78
YESBANK 1453.25 2.62 6.04 1470.78
PIDILITIND 681.85 1.25 4.21 686.78
CAIRN 282.50 3.27 3.16 285.31

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
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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
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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
14th Feb’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: 2017.02.14 08:59:42 +05'30'