#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was down by 82.20 points or 1.02%
to settle at 7979.10.
 As per the OI data, the maximum OI
outstanding for Calls was at 8300 SP and that
for Puts was at 8000 SP. Besides, for intraday
purpose, one could use sell on rise strategy
upto the level of 8020 for Target of 7920 with
SL of 8050.
 Nifty December 2016 futures closed at 7996.85
on Thursday at a premium of 17.75 points over
spot closing of 7679.10.
 Nifty December futures saw a contraction of
1.38 million (mn) units, taking the total
outstanding open interest (OI) to 12.89 million
(mn) units.
 Among Nifty calls, 8100 SP from the December
month expiry was the most active call with an
addition of 0.44 million open interests. Among
Nifty puts, 8000 SP from the December month
expiry was the most active put with a
contraction of 0.46 million open interests.
 Among most active underlying, Vedanta
witnessed a contraction of 4.22 million of Open
Interest in the December month futures
contract, followed by State Bank of India
witnessing a contraction of 1.84 million of
Open Interest in the December month
contract.
 The top gainers on Nifty were Asian Paints up
by 0.82%, ITC up by 0.62%, Bharti Infratel up by
0.48%, Tata Motors up by 0.42% and Eicher
Motors up by 0.21%.On the flip side, Hindalco
down by 4.27%, Adani Ports & Special
Economic Zone down by 3.72%, ONGC down by
3.10%, Bharti Airtel down by 2.72% and Tata
Steel down by 2.57% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
23rd 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
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 3,652 4,267 (614)
DIIs 1,891 1,571 320
Net Value
Net Value 51,256 52,791 (1,535)
Index Futures 2,411 3,198 (787)
Index Options 38,166 38,544 (378)
Stock Futures 7,199 7,465 (266)
Stock Options 3,480 3,585 (105)
Provisional FIIs & F&O Market (Rs. Cr)
FII & DII Derivative Stats
Provisional Cash Market (Rs. Cr)
-2000000
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 5.76% and
reached 15.55.
 The Nifty Put Call Ratio (PCR) finally stood at 0.92 for
December month contract.
 The top five scrips with highest PCR on OI were
Godrej Consumer Products (17.75), DCB Bank (3.27),
Colgate-Palmolive (India) (2.40), Marico (1.51) and
Indo Count Industries (1.25)
India VIX v/s Nifty Chart
23rd Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TATAMOTORS 471.15 0.26 -17.56 474.13
JETAIRWAYS 351.10 0.14 -6.72 354.90
ITC 227.70 0.44 -6.26 229.04
CONCOR 1100.5 0.49 -5.70 1109.04
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
NHPC 26.10 -4.04 26.68 25.53
CEATLTD 1133.70 -1.89 4.54 1120.14
UBL 760.20 -3.28 4.09 748.68
GODREJCP 1442 -0.50 2.52 1430.81
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
BEML 964.00 4.13 15.83 978.54
L&TFH 82.90 0.48 0.16 83.70

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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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
23rd 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: 2016.12.23 08:54:14 +05'30'