#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was down by 6.65 points or 0.08% to
settle at 7985.75.
 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 7900 with
SL of 8050.
 Nifty December 2016 futures closed at
7995.00 on Friday at a premium of 9.25
points over spot closing of 7985.75.
 Among Nifty calls, 8000 SP from the
December month expiry was the most active
call with a contraction of 1.02 Lakh open
interests. Among Nifty puts, 8000 SP from the
December month expiry was the most active
put with a contraction of 3.52 Lakh open
interests.
 Nifty December futures saw an addition of
0.70 Lakh units, taking the total outstanding
open interest to 13.60 Lakh units.
 Among most active underlying, Vedanta
witnessed a contraction of 35.04 Lakh of
Open Interest in the December month futures
contract, followed by Bharat Financial
Inclusion witnessing a contraction of 1.56
Lakh of Open Interest in the December month
contract.
 The top gainers on Nifty were Cipla up by
3.66%, Bosch up by 3.01%, Maruti Suzuki up
by 2.47%, Sun Pharma up by 2.22% and Bajaj
Auto up by 2.18%.On the flip side, Axis Bank
down by 2.54%, HCL Tech down by 2.46%,
Eicher Motors down by 1.87%, Aurobindo
Pharma down by 1.52% and Tech Mahindra
down by 1.40% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
26th 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 2,074 3,537 (1,463)
DIIs 2,625 1,010 1,615
Net Value
Net Value 49,751 51,124 (1,373)
Index Futures 2,522 3,176 (654)
Index Options 33,147 33,845 (698)
Stock Futures 10,111 10,101 10
Stock Options 3,971 4,003 (32)
Provisional FIIs & F&O Market (Rs. Cr)
FII & DII Derivative Stats
Provisional Cash Market (Rs. Cr)
-600000
-500000
-400000
-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 decreased by 2.73% and
reached 15.12
 The Nifty Put Call Ratio (PCR) finally stood at 0.94 for
December month contract.
 The top five scrips with highest PCR on OI were
Godrej Consumer Products (17.75), DCB Bank (3.21),
Colgate-Palmolive (India) (2.40), Marico (1.38) and
Indo Count Industries (1.20).
India VIX v/s Nifty Chart
26th Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CEATLTD 1146.95 1.17 -15.60 1161.47
ABIRLANUVO 1202.70 1.08 -15.56 1213.30
HDFC 1226.90 0.57 -13.55 1235.53
SUNTV 489.1 0.20 -13.15 494.91
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
DIVISLAB 863.25 -22.27 22.82 752.81
TATAPOWER 73.95 -1.40 10.01 72.98
ORIENTBANK 108.25 -0.05 6.04 107.22
PTC 72.2 -2.30 4.00 71.40
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TECHM 467.40 -1.44 -18.71 462.74
MCDOWELL-N 1855.85 -1.60 -16.59 1837.99
JSWSTEEL 1569.65 -0.11 -15.41 1553.53
ITC 225.05 -1.16 -14.79 223.98
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
CIPLA 583.75 3.95 8.68 598.50
AMARAJABAT 884.45 1.65 2.83 910.24
ACC 1293.80 0.05 2.65 1301.63
NTPC 161.2 0.25 1.04 162.52

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
26th 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: 2016.12.26 08:46:20 +05'30'