- The Nifty closed up 0.69% at 8,801.05 points, with maximum call OI at 9,000 strike price and maximum put OI at 8,500 strike price. - Among Nifty options, the 8,800 call from the February expiry saw the largest contraction in OI, while the 8,700 put saw the largest addition in OI. - The India Volatility Index increased by 2.05% to 13.39, while the Nifty Put Call Ratio for the February contract stood at 1.19.

1. Nifty Options - OI Distribution
 The Nifty was up by up by 60.10 points or 0.69% to
settle at 8,801.05.
 As per the OI data, the maximum OI outstanding
for Calls was at 9000 SP and that for Puts was at
8500 SP. Besides, for intraday purpose, one could
Buy NIFTY with SL of 8720 for Target of 8900.
 Nifty February 2017 futures closed at 8816.60 on
Monday at a premium of 15.55 points over spot
closing of 8801.05.
 Among Nifty calls, 8800 SP from the February
month expiry was the most active call with a
contraction of 5.1 lakh open interests. Among Nifty
puts, 8700 SP from the February month expiry was
the most active put with an addition of 5.4 Lakh
open interests.
 Nifty February futures saw an addition of 3.6 Lakh
units, taking the total outstanding open interest to
2.18 Cr. units.
 Among most active underlying, State Bank of India
witnessed a contraction of 5.1 Lakh units of Open
Interest in the February month futures contract,
followed by ICICI Bank witnessing a contraction of
24.90 Lakh units of Open Interest in the February
month contract, Sun TV Network witnessed an
addition of 9.5 Lakh units of Open Interest in the
February month contract.
 The top gainers on the Sensex were Sun Pharma up
by 3.99%, ICICI Bank up by 3.41%, Adani Ports &
Special Economic Zone up by 1.76%, Axis Bank up
by 1.66% and Hindustan Unilever up by 1.38%.
 On the flip side, Cipla down by 1.50%, Dr. Reddy’s
Lab down by 1.48%, ONGC down by 0.97%, Coal
India down by 0.48% and Power Grid down by
0.25% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
7th Feb’17
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
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put
Buy Value Sell Value Net Value
FIIs 4,079 4,483 (404)
DIIs 2,774 2,325 450
Net Value
Net Value 44,000 42,659 1,341
Index Futures 1,871 1,702 170
Index Options 29,968 28,352 1,615
Stock Futures 8,028 8,533 (505)
Stock Options 4,133 4,072 61
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-1000000
-500000
0
500000
1000000
1500000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 2.05% and
reached 13.39.
 The Nifty Put Call Ratio (PCR) finally stood at 1.19 for
February month contract.
 The top five scrips with highest PCR on OI were Sun
TV Network (2.15), Oracle Financial Services Software
(2.00), Bharti Airtel (1.34), ITC (1.19) and IDEA (1.18).
India VIX v/s Nifty Chart
7th Feb’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
BAJFINANCE 1075.40 2.32 -7.31 1088.77
JPASSOCIAT 13.85 5.73 -7.14 14.31
OIL 336.80 0.39 -5.98 338.35
GLENMARK 960.30 0.87 -5.73 969.81
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
TORNTPHARM 1279.80 -2.35 20.35 1259.61
COLPAL 896.75 -0.90 16.49 887.51
AMARAJABAT 895.15 -1.78 12.68 884.38
RCOM 36.1 -1.77 8.95 35.39
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
ORIENTBANK 125.25 -3.80 -22.90 122.12
TECHM 476.60 -0.59 -7.59 470.03
CENTURYTEX 903.10 -1.24 -6.00 892.96
KSCL 474.40 -0.64 -5.44 469.53
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
IGL 1004.40 3.32 22.44 1020.94
JUBLFOOD 1010.25 10.15 21.49 1065.22
BATAINDIA 511.65 3.19 16.90 517.76
LUPIN 1502.45 0.24 15.74 1535.84
DIVISLAB Covered Call

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
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Instrument (s): - No.
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
7th Feb’17
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: 2017.02.07 09:01:44 +05'30'