#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was up by 152.45 points or 1.71% to
settle at 9087.00.
 As per the OI data, the maximum OI outstanding
for Calls was at 9200 SP and that for Puts was at
8800 SP. Besides, for trading purpose, one could
Buy NIFTY with SL of 9000 for Target of 9150-
9200.
 Nifty March 2017 futures closed at 9103.00 on
Tuesday at a premium of 16 points over spot
closing of 9087.00.
 Among Nifty calls, 9100 SP from the March month
expiry was the most active call with a contraction
of 4.4 Lakh open interests. Among Nifty puts,
9000 SP from the March month expiry was the
most active put with an addition of 14.6 Lakh
open interests.
 Nifty March futures saw an addition of 18.4 Lakh
units, taking the total outstanding open interest
to 2.51 Cr. units.
 Among most active underlying, Reliance
Industries witnessed an addition of 8.7 Lakh units
of Open Interest in the March month futures
contract, followed by ICICI Bank witnessing a
contraction of 22.7 Lakh units of Open Interest in
the March month contract, Sun Pharmaceuticals
Industries witnessed an addition of 11.5 lakh units
of Open Interest in the March month contract.
 The CNX Nifty ended at 9073.35, up by 138.80
points or 1.55% after trading in a range of 9060.50
and 9122.75. There were 44 stocks advancing
against 7 stocks declining on the index.
 The top gainers on Nifty were ICICI Bank up by
5.90%, Hindustan Unilever up by 4.32%, Larsen &
Toubro up by 4.05%, Ultratech Cement up by
3.76% and HDFC up by 3.50%.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
15th March’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
8300 8400 8500 8600 8700 8800 8900 9000 9100 9200
Call Put
Buy Value Sell Value Net Value
FIIs 10,205 6,117 4,088
DIIs 3,208 4,728 (1,520)
Net Value
Net Value 69,290 63,674 5,616
Index Futures 4,714 2,877 1,837
Index Options 50,334 46,945 3,389
Stock Futures 9,026 8,527 499
Stock Options 5,216 5,326 (109)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-3000000
-2500000
-2000000
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
8300 8400 8500 8600 8700 8800 8900 9000 9100 9200
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 11.15% and
reached 12.40.
 The Nifty Put Call Ratio (PCR) finally stood at 0.92 for
March month contract.
 The top five scrips with highest PCR on OI were
Colgate-Palmolive (India) (2.30), Bajaj-Auto (1.28),
YES Bank (1.16), Jindal Steel & Power (1.12) and NIIT
Technologies (1.10).
India VIX v/s Nifty Chart
15th March’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
PIDILITIND 701.10 2.36 -11.32 708.32
SRTRANSFIN 1016.30 5.73 -9.54 1033.13
COLPAL 954.15 0.77 -7.48 960.40
ALBK 69.70 2.20 -6.58 70.22
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
COALINDIA 295.80 -0.75 11.92 292.82
BHARATFIN 815.85 -2.05 7.02 801.95
UPL 704.65 -0.37 6.45 696.90
CUMMINSIND 851.65 -0.72 6.42 843.28
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
GAIL 377.40 -0.63 -16.25 371.71
JINDALSTEL 125.00 -0.83 -9.25 122.84
JPASSOCIAT 14.15 -5.67 -4.61 13.48
ONGC 192.10 -0.03 -1.39 191.01
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
CEATLTD 1229.20 5.97 25.52 1257.35
BATAINDIA 532.40 4.26 16.68 541.53
M&MFIN 281.00 1.63 13.40 284.13
SIEMENS 1256.95 4.25 12.00 1275.88
NIFTY CMP: 9087 View – Range Bound
Max. Profit of Rs. 11223.75,
Approx. Loss of Rs. 3750 at SL level of 9500
Exp. Date - 30th Mar 2017
Option
BUY/
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Buy 75 9000 Mar CE 99.95
SELL 75 9200 Mar CE -29.55
SELL 75 9300 Mar CE -14.80
Long Call Ladder
-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
8500.00 8700.00 8900.00 9100.00 9300.00 9500.00

3. Contact Us
Kkunal Parar
Sr. Research Associate
kkunal.parar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
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
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
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
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
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
15th March’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2017.03.15 08:57:27 +05'30'