Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 15 June)
| Nifty50 Max Call OI | 18,700 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,600 |
| PCR | 0.62 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.67 |
⭐Balrampur Chini shares rise
Shares of the sugar manufacturer rose 2% on Friday. This comes at a time when sugar prices are expected to increase as unfavourable weather conditions may impact sugarcane production in Brazil and India. In the light of this, the open interest of Balrampur Chini’s June futures contract rose 14.4%, signalling a long build up.
⭐Astral shares move up
Shares of the PVC pipe maker rose 1.7% on Friday. Analysts believe that seasonal demand and rebound in housing market bodes well for the company. Also, the open interest of its June futures contract rose 4.3%, indicating a long build up.
⭐HDFC AMC shares slip
Shares of the asset management company dropped on Friday. And, its June futures contract’s open interest rose 1.9%, signalling a short build up. Meanwhile, the inflows into equity mutual funds dropped to a six-month low in May amid profit booking by investors.
Disclaimer:
Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.
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