#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was down by 14.15 points or
0.17% to settle at 8,139.45.
 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 intraday purpose, one could Sell
Nifty upto the level of 8200 with SL of
8230 for Target of 8080-8050.
 Nifty December 2016 futures closed at
8146.50 on Friday at a premium of 7.05
points over spot closing of 8139.45.
 Nifty December futures saw an addition
of 0.98 million (mn) units, taking the
total outstanding open interest (OI) to
16.56 million (mn) units.
 Among most active underlying, Vedanta
witnessed a contraction of 1.37 million
of Open Interest in the December
month futures contract, followed by
Axis Bank witnessing a contraction of
1.27 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 (2.84), Marico (2.45),
Colgate-Palmolive (2.29) and UBL
(1.36).
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
19th 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
-800000
-600000
-400000
-200000
0
200000
400000
600000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 6,835 6,925 (90)
DIIs 2,184 2,154 30
Net Value
Net Value 36,329 37,002 (673)
Index Futures 1,160 1,665 (504)
Index Options 26,284 26,241 43
Stock Futures 5,930 6,079 (149)
Stock Options 2,955 3,017 (62)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 2.57% and
reached 15.25.
 Among Nifty calls, 8200 SP from the December month
expiry was the most active call with an addition of 0.08
million open interests. Among Nifty puts, 8100 SP from
the December month expiry was the most active put with
a contraction of 0.01 million open interests.
 The Nifty Put Call Ratio (PCR) finally stood at 1.12 for
December month contract.
India VIX v/s Nifty Chart
19th 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
BIOCON 976.20 4.29 11.12 993.10
PCJEWELLER 354.00 1.90 10.29 361.81
POWERGRID 184.45 0.35 4.16 186.02
UPL 664.15 2.61 3.15 673.74
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
MARUTI 5188.35 0.35 -7.35 5209.25
INFRATEL 356.15 1.04 -6.77 358.12
MINDTREE 502.20 1.09 -5.58 504.97
RELIANCE 1058.35 0.29 -5.09 1061.92
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
CEATLTD 1242.35 -2.52 12.62 1223.23
HAVELLS 323.15 -4.15 9.22 316.43
ALBK 66.90 -1.69 5.83 66.33
UNIONBANK 137.05 -1.65 5.80 135.56
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
OIL 439.70 -0.17 -6.73 436.95
ORIENTBANK 115.10 -0.95 -6.68 114.11
AXISBANK 472.95 -1.07 -4.67 469.03
TATAPOWER 76.85 -1.91 -4.24 76.01

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
19th 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: 2016.12.19 08:57:00 +05'30'