#ChoiceBroking #Derivativedirection

1. Nifty Options - OI Distribution
 The Nifty was down by 21.95 points or
0.27% to settle at 8,082.40.
 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. However, for an
intraday purpose, one could use sell on
rise strategy in Nifty up to the level of
8125 with an SL of 8150 for a Target of
8000.
 Nifty December 2016 futures closed at
8099.90 on Tuesday at a premium of
17.50 points over spot closing of 8082.40.
 Nifty December futures saw a contraction
of 0.16 million (mn) units, taking the total
outstanding open interest (OI) to 14.41
million (mn) units.
 Among most active underlying, Bharat
Financial Inclusion witnessed an addition
of 1.20 million of Open Interest in the
December month futures contract,
followed by State Bank of India witnessing
an addition of 1.49 million of Open
Interest in the December month contract.
 The top five scrips with highest PCR on OI
were Godrej Consumer Products (17.50),
DCB Bank (3.19), Colgate-Palmolive (2.35),
Indo Count Industries (1.25) and Reliance
Industries (1.12).
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
21st Dec’16
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
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 3,278 3,964 (686)
DIIs 1,798 1,380 419
Net Value
Net Value 45,562 46,665 (1,103)
Index Futures 1,519 1,331 188
Index Options 34,706 34,981 (276)
Stock Futures 5,732 6,674 (942)
Stock Options 3,605 3,678 (74)
Provisional FIIs & F&O Market (Rs. Cr)
FII & DII Derivative Stats
Provisional Cash Market (Rs. Cr)
-1000000
-500000
0
500000
1000000
1500000
2000000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 2.02% and
reached 14.53
 Among Nifty calls, 8200 SP from the December month
expiry was the most active call with an addition of 0.17
million open interests. Among Nifty puts, 8100 SP from
the December month expiry was the most active put with
an addition of 0.11 million open interests.
 The Nifty Put Call Ratio (PCR) finally stood at 1.03 for
December month contract.
India VIX v/s Nifty Chart
21st Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
SUNTV 493.25 1.25 -6.50 500.09
ZEEL 448.80 1.63 -4.64 452.49
GAIL 429.85 0.95 -3.40 432.68
DLF 113 0.85 -3.30 113.96
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
BHARATFIN 582.70 -3.59 10.34 561.23
ALBK 63.00 -4.33 3.72 61.70
ASHOKLEY 77.30 -2.15 3.52 76.19
OIL 438.85 -1.00 0.41 435.97
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
CENTURYTEX 763.30 -0.77 -13.95 753.56
TATAMOTORS 473.00 -0.01 -12.38 470.78
ABIRLANUVO 1197.25 -0.17 -6.97 1190.76
BEML 906.85 -1.16 -6.25 894.21
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
WIPRO 468.30 0.66 2.19 470.76
HDFCBANK 1181.75 0.45 1.84 1186.70
WOCKPHARMA 684.95 0.25 1.62 692.74
PFC 128.4 0.86 1.10 130.42

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
21st 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: 2016.12.21 09:25:36 +05'30'