- The Nifty index settled at 8,821.70, up 0.5%. Maximum call open interest was at 9000 strike price and maximum put open interest was at 8500. - Among Nifty calls, the 8900 strike saw the most activity with a contraction of 80 thousand open interests. Among puts, the 8800 strike saw added open interest of 9 lakh. - HDFC Bank saw the largest contraction in open interest of 74.9 lakh units, while SBI and ICICI Bank saw added open interest.

1. Nifty Options - OI Distribution
 The Nifty was up by 43.70 points or 0.50% to settle
at 8,821.70.
 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 upto the level of 8770 for Target of 8900-
8950 with SL of 8720.
 Nifty February 2017 futures closed at 8827.00 on
Friday at a premium of 5.30 points over spot
closing of 8,821.70.
 Among Nifty calls, 8900 SP from the February
month expiry was the most active call with a
contraction of 80 thousand open interests. Among
Nifty puts, 8800 SP from the February month
expiry was the most active put with an addition of
9 Lakh open interests.
 Nifty February futures saw a contraction of 3.6
Lakh units, taking the total outstanding open
interest to 2.42 Cr. units.
 Among most active underlying, HDFC Bank
witnessed a contraction of 74.9 Lakh units of Open
Interest in the February month futures contract,
followed by State Bank of India witnessing an
addition of 2.8.5 Lakh units of Open Interest in the
February month contract, ICICI Bank witnessed an
addition of 25.7 Lakh units of Open Interest in the
February month contract.
 The top gainers on Nifty were HDFC Bank up by
3.81%, Sun Pharma up by 3.73%, GAIL India up by
1.98%, Grasim Industries up by 1.62% and ICICI
Bank up by 1.58%.
 On the flip side, Bharti Infratel down by 3.65%,
Hindalco down by 2.32%, Idea Cellular down by
1.62%, Eicher Motors down by 1.47% and TCS
down by 1.46% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
20th 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
8,000,000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put
Buy Value Sell Value Net Value
FIIs 13,253 5,210 8,043
DIIs 3,419 9,051 (5,632)
Net Value
Net Value 78,576 83,056 (4,480)
Index Futures 4,090 4,808 (719)
Index Options 54,520 52,979 1,541
Stock Futures 12,685 18,022 (5,337)
Stock Options 7,282 7,247 35
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-1000000
-800000
-600000
-400000
-200000
0
200000
400000
600000
800000
1000000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 2.16 % and
reached 13.43.
 The Nifty Put Call Ratio (PCR) finally stood at 1.24 for
February month contract.
 The top five scrips with highest PCR on OI were
Colgate-Palmolive (India) (2.66), Pidilite Industries
(2.03), Oracle Financial Services Software (2.00), TVS
Motor (1.52) and Eicher Motors (1.50).
India VIX v/s Nifty Chart
20th Feb’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
HDFCBANK 1370.60 3.05 -26.10 1403.81
SRF 1594.40 3.34 -10.17 1621.46
JUSTDIAL 459.90 4.94 -10.09 471.36
CENTURYTEX 929.85 0.48 -9.59 937.64
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
GODREJIND 485.55 -4.18 9.52 475.56
DRREDDY 2919.7 -0.41 5.16 2898.08
AXISBANK 490.50 -0.69 4.16 484.04
SBIN 269.65 -0.63 3.71 267.40
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TCS 2414.85 -1.29 -16.03 2389.60
HCLTECH 839.30 -0.77 -11.56 832.37
INDIACEM 162.60 -0.91 -10.88 161.32
VEDL 263.30 -0.04 -9.65 260.91
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
JPASSOCIAT 15.00 9.89 13.10 15.69
IBULHSGFIN 856.00 2.60 5.53 870.63
KOTAKBANK 795.75 0.20 5.37 803.92
AMARAJABAT 855.95 0.43 4.75 861.53

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
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Kapil Shah
Research Associate
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
20th 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: 2017.02.20 09:01:18 +05'30'