The document summarizes data on options trading activity and open interest positions in the Nifty index. It notes that the maximum call open interest was at the 8,300 strike price and maximum put open interest was at 8,000. This indicates the overall monthly trading range for the Nifty. It also provides data on changes in open interest for specific Nifty strikes. FII activity and sector-specific derivatives data are also summarized. Charts on open interest distributions and the India VIX are included to illustrate options market sentiment and activity.

1. Nifty Options - OI Distribution
 The Nifty was down by 35.10 points or
0.43% to settle at 8,104.35.
 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 the overall range of the Nifty
for the month of December. However,
for an intraday purpose, one could use
sell on rise strategy in Nifty up to the
level of 8135 with an SL of 8180 for a
Target of 8020-8000.
 Nifty December 2016 futures closed at
8124.15 on Monday at a premium of
19.80 points over spot closing of
8,104.35.
 Nifty December futures saw a
contraction of 0.30 million (mn) units,
taking the total outstanding open
interest (OI) to 14.57 million (mn) units.
 Among most active underlying, Vedanta
witnessed a contraction of 0.10 million
of Open Interest in the December
month futures contract, followed by
Tata Motors witnessing an addition of
0.14 million of Open Interest in the
December month contract.
 The top five scrips with highest PCR on
OI were Godrej Consumer Products
(17.50), DCB Bank (2.89), Colgate-
Palmolive (2.22), Marico (2.15) and UBL
(1.30).
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
20th 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
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
-500000
-400000
-300000
-200000
-100000
0
100000
200000
300000
400000
500000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 3,078 3,614 (536)
DIIs 1,811 1,255 556
Net Value
Net Value 29,400 29,643 (244)
Index Futures 1,032 706 327
Index Options 21,259 21,143 115
Stock Futures 4,374 5,037 (663)
Stock Options 2,735 2,758 (23)
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 2.72% and
reached 14.83.
 Among Nifty calls, 8200 SP from the December month
expiry was the most active call with an addition of 0.15
million open interests. Among Nifty puts, 8100 SP from
the December month expiry was the most active put with
an addition of 0.39 million open interests.
 The Nifty Put Call Ratio (PCR) finally stood at 1.07 for
December month contract.
India VIX v/s Nifty Chart
20th 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
ASHOKLEY 79.00 1.54 6.41 79.99
OIL 443.30 0.82 6.30 445.27
ENGINERSIN 315.40 3.06 5.57 319.26
TVSMOTOR 372.1 0.16 4.35 373.21
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CENTURYTEX 769.20 0.29 -20.59 776.74
RELINFRA 504.55 3.31 -5.87 514.02
IOC 304.55 2.35 -5.72 307.20
HAVELLS 326.55 1.05 -2.97 329.70
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
UNIONBANK 133.00 -2.96 11.40 131.55
BHARATFIN 604.40 -5.78 7.32 588.05
ALBK 65.85 -1.57 6.18 65.35
CEATLTD 1238.75 -0.29 5.96 1228.09
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
INDIACEM 111.35 -0.22 -10.97 109.80
ONGC 202.05 -0.10 -7.15 200.73
HINDPETRO 425.80 -0.04 -3.07 421.64
HDFC 1251.90 -1.52 -2.96 1244.32

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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Amit Pathania
Research Associate
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20th 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: 2016.12.20 08:57:43 +05'30'