#ChoiceBroking #DerivativeDirection

1. Nifty Options - OI Distribution
 The Nifty was down by 8.50 points or 0.10% to
settle at 8,632.75.
 As per the OI data, the maximum OI outstanding
for Calls was at 9000 SP and that for Puts was at
8400 SP. Besides, for intraday purpose, one could
hold long position in Nifty with SL of 8600 for
Target of 8700.
 Nifty February 2017 futures closed at 8655.35 on
Monday at a premium of 22.60 points over spot
closing of 8632.75.
 Among Nifty calls, 8800 SP from the February
month expiry was the most active call with an
addition of 5.2 Lakh open interests. Among Nifty
puts, 8500 SP from the February month expiry
was the most active put with an addition of 10.2
Lakh open interests.
 Nifty February futures saw an addition of 5.5 Lakh
units, taking the total outstanding open interest
to 1.99 Cr. units.
 Among most active underlying, Idea Cellular
witnessed a contraction of 1.45 Cr. units of Open
Interest in the February month futures contract,
followed by Bharti Airtel witnessing an addition of
18.7 Lakh units of Open Interest in the February
month contract, Bajaj Finance witnessed an
addition of 90 Thousand units of Open Interest in
the February month contract.
 The top gainers on Nifty were Idea Cellular up by
25.77%, Bharti Airtel up by 7.00%, Grasim
Industries up by 4.38%, Reliance Industries up by
1.94% and Tech Mahindra up by 1.07%.On the flip
side, Bharti Infratel down by 7.46%, Aurobindo
Pharma down by 2.47%, Tata Motors down by
1.70%, Tata Steel down by 1.51% and Tata Motors
- DVR down by 1.42% were the top losers.
Nifty Options – Change in OI
Highlights
FII & DII Derivative Statistics
31st Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
8100 8200 8300 8400 8500 8600 8700 8800 8900 9000
Call Put
Buy Value Sell Value Net Value
FIIs 3,213 2,605 607
DIIs 2,525 2,485 40
Net Value
Net Value 36,687 36,548 139
Index Futures 1,614 1,983 (369)
Index Options 23,960 24,097 (137)
Stock Futures 7,662 7,147 516
Stock Options 3,450 3,321 129
Provisional FIIs & F&O Market (Rs. Cr)
Provisional Cash Market (Rs. Cr)
-400000
-200000
0
200000
400000
600000
800000
1000000
1200000
8000 8100 8200 8300 8400 8500 8600 8700 8800 8900
Call Put

2. Derivative Strategy Pay- Off Chart
 The India Volatility Index increased by 4.15% and
reached 16.67.
 The Nifty Put Call Ratio (PCR) finally stood at 0.95 for
February month contract.
 The top five scrips with highest PCR on OI were
Torrent Pharmaceuticals (3.50), Cadila Healthcare
(2.21), KPIT Technologies (1.50), Godrej Industries
(1.15) and IDEA (1.10).
India VIX v/s Nifty Chart
31st Jan’17
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
IDEA 97.00 26.55 -15.70 105.31
PIDILITIND 680.75 0.58 -6.85 686.27
INDIACEM 146.55 0.76 -5.85 148.23
AMARAJABAT 918.70 1.58 -5.85 930.68
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
INFRATEL 330.05 -7.35 15.36 318.59
MRF 52091.2 -2.69 8.18 51556.50
PTC 87.00 -2.08 8.10 85.70
OIL 333.2 -1.07 5.67 330.98
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
ADANIENT 92.60 -0.59 -9.86 91.43
BANKBARODA 167.65 -0.45 -8.33 165.64
KOTAKBANK 776.05 -1.32 -7.47 768.56
ICICIBANK 271.95 -0.62 -5.78 269.83
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
CUMMINSIND 854.15 0.59 15.80 861.29
INFY 951.00 0.64 10.85 959.54
SYNDIBANK 69.55 1.38 10.15 70.43
BEL 1590.90 3.11 9.74 1609.14
(Date: 30.01.2017) View – Range bound
Max Profit of Rs. 21050, Approx. Loss of Rs. 1445 at SL
level of 8350 & 8950
Expiry Date - 23rd Feb-2017
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 75 8650 Feb CE 143.00
Sell 75 8650 Feb PE 137.75 -300.00
-200.00
-100.00
0.00
100.00
200.00
300.00
400.00
8150.00 8350.00 8550.00 8750.00 8950.00 9150.00

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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Instrument (s): - No.
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
31st 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: 2017.01.31 08:49:05 +05'30'