#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was up by 124 points or 1.58% to
settle at 8032.85.
 As per the OI data, the maximum OI
outstanding for Calls was at 8300 SP and that
for Puts was at 7900 SP Besides, for intraday
perspective Nifty may extend its positive move
upto 8080 level but it can act as hurdle.
 Nifty December 2016 futures closed at 8031.35
on Tuesday at a discount of 1.50 points over
spot closing of 8032.85.
 Among Nifty calls, 8000 SP from the December
month expiry was the most active call with a
contraction of 20 Lakh open interests. Among
Nifty puts, 7900 SP from the December month
expiry was the most active put with an addition
of 11 Lakh open interests.
 Nifty December futures saw a contraction of 11
Lakh units, taking the total outstanding open
interest (OI) to 1.3 Cr. units.
 Among most active underlying, Vedanta
witnessed a contraction of 86 Lakh of Open
Interest in the December month futures
contract, followed by State Bank of India
witnessing a contraction 1.7 Cr. of Open
Interest in the December month contract.
 The top gainers on Nifty were Bosch up by
4.41%, ITC up by 4.31%, Tata Steel up by 3.31%,
Aurobindo Pharma up by 3.18% and Hindalco
up by 2.97%.On the flip side, GAIL India down
by 0.96%, Grasim Industries down by 0.56%,
IndusInd Bank down by 0.08% and Kotak
Mahindra Bank down by 0.08% were the top
losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
28th 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
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put
Buy Value Sell Value Net Value
FIIs 1,631 2,343 (712)
DIIs 2,559 1,056 1,502
Net Value
Net Value 70,545 68,760 1,785
Index Futures 5,084 5,529 (445)
Index Options 40,808 39,347 1,460
Stock Futures 20,713 19,898 815
Stock Options 3,940 3,986 (45)
Provisional FIIs & F&O Market (Rs. Cr)
FII & DII Derivative Stats
Provisional Cash Market (Rs. Cr)
-2500000
-2000000
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index decreased by 9.16% and
reached 15.08.
 The Nifty Put Call Ratio (PCR) finally stood at 0.97 for
December month contract.
 The top five scrips with highest PCR on OI were
Godrej Consumer Products (95), DCB Bank (3.17),
Colgate-Palmolive (India) (2.35), Pidilite Industries
(1.93) and Marico (1.29).
India VIX v/s Nifty Chart
28th Dec’16
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CADILAHC 350.35 4.33 -95.38 357.47
CASTROLIND 366.80 0.05 -70.93 372.30
JSWSTEEL 1579.50 0.63 -68.98 1599.23
TATAMTRDVR 296.45 0.90 -64.74 299.75
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
HDFCBANK 1184.75 -0.19 -73.76 1179.99
HINDALCO 155.65 -2.51 -72.47 152.46
IDBI 67.20 -1.25 -64.78 66.36
CUMMINSIND 797.85 -0.18 -63.18 789.75
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
WIPRO 465.15 1.16 0.47 469.71

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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Instrument (s): - No.
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
28th Dec’16
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: 2016.12.28 09:11:31 +05'30'