The document summarizes key data points from the Nifty options market. It notes that the maximum call open interest was at 8,300 strike price and maximum put open interest was at 8,000, indicating a range for the Nifty in December. It also provides details on changes in open interest for various stocks and data on put call ratios.

1. Nifty Options - OI Distribution
 The Nifty was up by 51 points or 0.62% to
settle at 8,221.80.
 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. Moreover, if Nifty
gives close above 8300 level then we
might witness good upside movement till
then one could use sell on rise upto the
level of 8250 with SL of 8275 (for intraday),
while downside Nifty may fall upto the
level of 8150.
 Nifty December 2016 futures closed at
8227.45 on Tuesday at a premium of 5.65
points over spot closing of 8,221.80.
 Nifty December futures saw an addition of
0.45 million units, taking the total
outstanding open interest (OI) to 16.96
million units.
 Among most active underlying, Tata
Motors witnessed a contraction of 1.55
million of Open Interest in the December
month futures contract, followed by
Vedanta witnessing a contraction of 4.17
million of Open Interest in the December
month contract.
 The top five scrips with highest PCR on OI
were Godrej Consumer Products (14),
Colgate-Palmolive (India) (2.52), Marico
(1.89), Hero MotoCorp (1.63) and Apollo
Hospitals Enterprise (1.53).
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
14th 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
9,000,000
7600 7700 7800 7900 8000 8100 8200 8300 8400 8500
Call Put
-400000
-300000
-200000
-100000
0
100000
200000
300000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 3,969 6,150 (2,181)
DIIs 1,532 1,353 179
Net Value
Net Value 32,199 32,651 25
Index Futures 1,172 936 236
Index Options 23,327 23,462 (135)
Stock Futures 5,066 5,544 (477)
Stock Options 2,633 2,709 (76)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 1.66% and
reached 15.92.
 Among Nifty calls, 8300 SP from the December month
expiry was the most active call with a contraction of 0.03
million open interests. Among Nifty puts, 8200 SP from
the December month expiry was the most active put with
an addition of 0.15 million open interests.
 The Nifty Put Call Ratio (PCR) finally stood at 1.21 for
December month contract.
India VIX v/s Nifty Chart
14th 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
NCC 83.45 2.33 7.92 85.38
TVSMOTOR 370.50 1.59 7.32 373.38
BHARATFORG 1001.40 3.21 6.56 1019.97
ONGC 311.75 0.03 6.14 313.32
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TATAMOTORS 470.10 3.31 -7.21 476.17
KTKBANK 112.70 4.74 -5.82 115.30
WIPRO 464.80 2.06 -4.45 468.05
TATAELXSI 1489.45 0.32 -3.81 1501.62
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
CANBK 305.15 -0.62 10.76 302.34
BAJFINANCE 836.40 -1.25 9.19 822.80
BHARATFIN 677.80 -2.30 8.71 669.78
TORNTPHARM 1312.75 -2.89 8.08 1299.55
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
VEDL 239.00 -2.31 -8.57 235.98
HINDALCO 177.20 -2.64 -6.47 174.35
OIL 443.95 -0.17 -4.80 441.77
IBREALEST 70.50 -2.89 -4.18 69.51

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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Kapil Shah
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14th 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: 2016.12.14 09:00:14 +05'30'