1. Nifty Options - OI Distribution
๏ถ The Nifty was up by 19.05 points or 0.21% to
settle at 8,926.90.
๏ถ As per the OI data, the maximum OI outstanding
for Calls was at 9000 SP and that for Puts was at
8700 SP. Besides, for intraday purpose, one could
Buy NIFTY with SL of 8850 for Target of 9000.
๏ถ Nifty February 2017 futures closed at 8920.10 on
Wednesday at a discount of 6.80 points over spot
closing of 8926.90.
๏ถ Among Nifty calls, 9000 SP from the February
month expiry was the most active call with an
addition of 17.2 Lakh open interests. Among Nifty
puts, 8900 SP from the February month expiry
was the most active put with an addition of 8.4
Lakh open interests.
๏ถ Nifty February futures saw a contraction of 28.3
Lakh units, taking the total outstanding open
interest to 1.34 Cr. units.
๏ถ Among most active underlying, Reliance
Industries witnessed a contraction of 59.3 Lakh
units of Open Interest in the February month
futures contract, followed by Axis Bank witnessing
a contraction of 55.8 Lakh units of Open Interest
in the February month contract, State Bank of
India witnessed a contraction of 1.68 Cr. units of
Open Interest in the February month contract.
๏ถ The top gainers on Nifty were Reliance Industries
up by 11.13%, Idea Cellular up by 5.21%, Axis Bank
up by 3.93%, Asian Paints up by 2.87% and Coal
India up by 2.63%.
๏ถ On the flip side, NTPC down by 3.39%, Ambuja
Cement down by 2.39%, Power Grid down by
2.35%, TCS down by 2.25% and Infosys down by
2.23% were the top losers.
Nifty Options โ Change in OI
Highlights
FII & DII Derivative Statistics
23rd Febโ17
SEBI Registeredโ 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 5,861 6,120 (259)
DIIs 3,706 2,788 918
Net Value
Net Value 103,173 106,238 (3,065)
Index Futures 5,893 6,165 (272)
Index Options 59,439 62,387 (2,948)
Stock Futures 29,074 28,768 306
Stock Options 8,767 8,918 (151)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put
2. Derivative Strategy Pay- Off Chart
๏ถ The India Volatility Index increased by 1.29% and
reached 13.70.
๏ถ The Nifty Put Call Ratio (PCR) finally stood at 1.50 for
February month contract.
๏ถ The top five scrips with highest PCR on OI were
Colgate-Palmolive (India) (3.04), Oracle Financial
Services Software (2.00), Pidilite Industries (1.91), TVS
Motor (1.75) and Eicher Motors (1.54).
India VIX v/s Nifty Chart
23rd Febโ17
SEBI Registeredโ Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
ADANIPOWER 36.75 2.37 -113.72 37.46
BPCL 714.60 1.36 -105.02 721.44
UNIONBANK 147.60 1.69 -96.41 148.98
JINDALSTEL 110.00 0.36 -87.55 113.02
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
GMRINFRA 14.95 -0.33 -171.03 14.74
PTC 90.30 -2.17 -140.08 88.73
TV18BRDCST 40.00 -0.12 -110.71 39.33
IDFC 53.35 -1.57 -102.40 52.85
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
NIFTY View โ Bullish Bull Call Spread
Max. Profit of 37.30 (Rs. 2797.50), Max. Loss of 12.70
(Rs. 952.50).
Expiry Date โ 23rd Feb-2017
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Buy 75 8950 Feb CE 19.75
Sell 75 9000 Feb CE 7.05 -20.00
-10.00
0.00
10.00
20.00
30.00
40.00
8875.00 8925.00 8975.00 9025.00 9075.00 9125.00
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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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
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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
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against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement โ โข Analyst interest of the stock /Instrument(s): - No. โข 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 Febโ17
SEBI Registeredโ 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: 2017.02.23 08:57:05 +05'30'
