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1. DAILY DERIVATIVE REPORT
16 JANUARY 2015
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 The Nifty opened gap up as the RBI pulled in a surprise by cutting the repo rate by 25 bps to 7.75%. Banking, rate
sensitives moved up sharply leading the index to end up over 200 points. India VIX increased 6.3% and settled at
16.16
 FIIs bought 1738 crore while DIIs sold 527 crore in the cash segment. FIIs bought 3897 crore in index futures and
3600 crore in index options. In stock futures, they sold 290 crore
 The highest Put base is at the 8000 strike with 66 lakh shares while the highest Call base is at the 8700 strike with 49
lakh shares. The 8600 and 8700 Calls saw addition of 15.65 and 11.35 lakh shares, respectively. The 8400 and 8500
Put strikes saw addition of 29.41 and 18.35 lakh shares, respectively
 Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the
range of 8455-8530
 Bank Nifty Future: Aggressive unwinding of short positions was seen as the index managed to surpass the hurdles
of 19000. Any dip towards these levels would provide a cushion as sizeable positions are still open in 19000 strike
Call.
NIFTY SNAPSHOT & PIVOT POINTS
SPOT FUTURE
COST OF
CARRY
TOTAL FUT OI PCR OI PCR VOL ATM IV
CURRENT 8494 8515 6.41 21713975 1.19 1.01 16.2
PREVIOUS 8278 8307 8.76 18482050 1.11 1.14 16.88
CHANGE(%) 2.62% 2.50% - 17.49% - - -
PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3
NIFTY FUTURE 8228 8365 8440 8502 8577 8639 8776
F&O HIGHLIGHTS
INDEX OUTLOOK
 The market were in for a huge surprise this morning after the RBI (Reserve Bank of India) cut the key repo rate by 25
basis points, out of turn, to 7.75 per cent following a slew of positive macro-economic data.
 This was the first rate cut by the governor Raghuram Rajan. Although the move came as a surprise, but the Central
Bank head had hinted in his December policy review, that RBI may act out of turn in case inflation remains under
control.
MARKET ROUNDUP

2. DAILY DERIVATIVE REPORT
16 JANUARY 2015
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INTRADAY STRATEGY
i) POWERGRID CORPORATION OF INDIA LIMITED Ii) AUROBINDO PHARMA LIMITED
Buy Power grid ltd in range of 143.50-144 Sell Auropharma fut in range of 1130-1129
View : Bullish View :Bearish
Strategy : Buy Future Strategy : Sell Future
Target1 : 145.50 Target 2 : 147 Target 1 : 1119 Target 2 : 1109
Stop loss : 142
Stop loss : 1140
Market Lot : 2000 CMP : 142.05 Market Lot : 250 CMP : 1133.15
STOCK ANALYSIS
OPEN INTEREST ACTIVITY
LONG BUILD UP SHORT BUILD UP
SYMBOL
OI
(LOTS)
%
CHNG
PRICE %CHNG SYMBOL
OI
(LOTS)
%CHNG PRICE %CHNG
IDFC 46472000 2.34 166.90 6.14 HINDALCO 31684000 3.91 141.80 0.67
ICICIBANK 53870000 0.98 352.00 3.90 SSLT 25495000 1.38 188.90 0.21
PNB 29231250 2.43 210.25 3.06 BHEL 30497000 0.45 266.00 0.41
TATAMOTORS 18993500 3.35 532.10 1.89 PETRONET 4064000 3.52 202.00 0.86
IBREALEST 34588000 2.76 69.55 8.16 JSWSTEEL 6113000 1.26 968.00 0.47
 OI addition : We saw long built up in Tcs, Voltas, Hindzinc, Idfc,Bajaj-auto short built up was seen in Fed-
eral bank, Bhel, Hindalco, Mrf, Bataindia
 OI Shedding : We saw short cover in Andhrabank, Igl, Orientbank, Sbin, Relinfra, Ioc while long un-
winding seen in Dabur, Arvind, Wockpharma,Bharatforg, Mindtree

3. DAILY DERIVATIVE REPORT
16 JANUARY 2015
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OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on
the calls front is existent in the band at strike price of 8500-8600 indicating it as resistance on the up-
side whereas on the put options front we can see that addition of open interest is existent at strike
price of 8200-8100 indicating it as immediate support zone on the downside
F&O TURNOVER
INSTRUMENT NO. OF CONTRACTS TURNOVER(CR) PERCENTAGE CHANGE
INDEX FUTURES 10,85,478 28,890.99 -
STOCK FUTURES 11,31,350 35,247.61 -
INDEX OPTIONS 1,30,02,500 2,89,513.29 1.01
STOCK OPTIONS 5,67,454 18,347.76 0.52
F&O Total 1,57,86,785 3,72,000.02 0.98
NIFTY OPTION OI DISTRIBUTION
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
8800 8700 8600 8500 8400 8300 8200 8100 8000 7900 7800
OpenInterest
Strike Price
OI Concentration Chart
Call OI (JAN) PutOI (JAN)

4. DAILY DERIVATIVE REPORT
16 JANUARY 2015
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Instrument
Type
Symbol Expiry
Date
Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Traded
Value
(Lakhs)
OPTSTK TCS 29JAN2015 CE 2,600 52.00 9,257 30,761.01
OPTSTK SBIN 29JAN2015 CE 320 7.00 7,942 32,467.89
OPTSTK RELIANCE 29JAN2015 CE 860 21.25 5,540 12,164.46
OPTSTK IDFC 29JAN2015 CE 165 5.60 4,983 16,894.36
OPTSTK LT 29JAN2015 CE 1,600 23.65 4,821 19,562.05
MOST ACTIVE CALLS
MOST ACTIVE PUTS
Instrument
Type
Symbol Expiry
Date
Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Traded
Value
(Lakhs)
OPTSTK TCS 29JAN2015 PE 2,500 50.00 6,929 22,107.06
OPTSTK RELIANCE 29JAN2015 PE 840 9.75 4,316 9,175.17
OPTSTK INFOSYS 29JAN2015 PE 2,100 24.55 3,486 18,497.59
OPTSTK SBIN 29JAN2015 PE 310 3.85 2,846 11,164.50
OPTSTK RELIANCE 29JAN2015 PE 820 5.10 2,630 5,429.64
FII ACTIVITY (IN RS. CRORE)
BUY SELL OPEN INTEREST AT THE
END OF THE DATE
DERIVATIVE
PRODUCT
NO.OF
CON-
TRACTS
AMOUNT
IN CRORES
NO.OF
COTRACTS
AMOUNT
IN CRORES
NO. OF
CONTRACTS
AMOUNT
IN CRORES
INDEX FUTURE
276700 6527.14 107035 2630.38 738174 17162.80
INDEX OPTION 940914 23089.30 781685 19489.43 2512388 64753.56
STOCK FUTURE 124021 3820.48 135011 4110.89 1786856 52553.66
STOCK OPTION 97452 3017.98 98931 3073.04 100180 3344.75

5. DAILY DERIVATIVE REPORT
16 JANUARY 2015
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DATE SCRIP STRATEGY ENTRY
LEVEL TARGET SL REMARK PROFIT/LOSSLOT
15/01/15 UPL LTD LONG 359-360 363-366 357 1ST TGT 30001000
15/01/15 IBREALEST SHORT 64-63.50 62.50-61.50 65
NOT EXE-
CUTE
-4000
PRICE VOLUME OI MARKET
RISING UP UP STRONG
RISING DOWN DOWN WEAK
DECLINING UP UP WEAK
DECLINING DOWN DOWN STRONG
GENERAL RULES FOR OPEN INTEREST & VOLUME
PERFORMANCE UPDATE