#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was up by 12.45 points or 0.15% to
settle at 8,412.80.
 As per the OI data, the maximum OI outstanding
for Calls was at 8400 SP and that for Puts was at
8000 SP. Besides, for intraday purpose, one could
Buy NIFTY with SL of 8370 for Target of 8480.
 Nifty January 2017 futures closed at 8431.70 on
Monday at a premium of 18.90 points over spot
closing of 8412.80.
 Among Nifty calls, 8500 SP from the January
month expiry was the most active call with a
contraction of 2.5 Lakh open interests. Among
Nifty puts, 8400 SP from the January month
expiry was the most active put with an addition of
6.9 Lakh open interests.
 Nifty January futures saw an addition of 2.2 Lakh
units, taking the total outstanding open interest
to 2.01 Cr. units.
 Among most active underlying, Tata Steel
witnessed an addition of 6.5 Lakh units of Open
Interest in the January month futures contract,
followed by Dewan Housing Finance Corporation
witnessing an addition of 15.3 Lakh units of Open
Interest in the January month contract, Infosys
witnessed a contraction of 6.8 Lakh units of Open
Interest in the January month contract.
 The top gainers on Nifty were Tata Steel up by
2.54%, Adani Ports & Special Economic Zone up
by 2.33%, Tata Motors up by 2.23%, SBI up by
2.19% and Idea Cellular up by 1.67%.On the flip
side, HCL Tech down by 2.58%, Infosys down by
2.08%, Eicher Motors down by 2.07%, Tata Power
down by 2.02% and Sun Pharma down by 1.45%
were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
17th Jan’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
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 2,381 2,728 (347)
DIIs 2,271 2,067 203
Net Value
Net Value 42,463 43,101 (638)
Index Futures 1,586 1,705 (119)
Index Options 30,448 30,789 (341)
Stock Futures 6,296 6,496 (200)
Stock Options 4,133 4,111 22
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-400000
-200000
0
200000
400000
600000
800000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 4.74% and
reached 15.06.
 The Nifty Put Call Ratio (PCR) finally stood at 1.47 for
January month contract.
 The top five scrips with highest PCR on OI were
Marico (2.65), Dabur India (2.32), Pidilite Industries
(1.96), Maruti Suzuki India (1.82) and Ajanta Pharma
(1.61).
India VIX v/s Nifty Chart
17th Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
AXISBANK 477.35 0.96 -6.31 481.90
TCS 2260.45 0.46 -5.02 2277.39
POWERGRID 199.25 1.09 -4.97 200.72
JUSTDIAL 372.95 0.95 -3.88 380.32
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
KSCL 454.85 -1.27 10.52 448.34
IGL 918.50 -1.20 6.17 912.96
APOLLOHOSP 1181.60 -0.92 6.01 1176.75
RELIANCE 1080.45 -1.25 5.79 1074.03
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
INFY 957.90 -2.16 -3.75 952.99
JPASSOCIAT 9.85 -0.51 -3.09 9.68
HEXAWARE 200.25 -0.37 -2.23 199.31
SUNPHARMA 645.45 -1.21 -1.58 640.77
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
HDIL 64.85 3.43 15.02 66.23
HAVELLS 382.90 2.60 9.82 387.79
DHFL 288.95 6.35 9.00 296.63
ORIENTBANK 116.00 0.56 7.45 117.30

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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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
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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
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
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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 – • 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
17th Jan’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: 2017.01.17 08:51:57 +05'30'