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 | 18,900 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,700 |
| PCR | 1.0 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.80 |
⭐ Tata Communications surges
Shares of Tata Communications rose 7.8% on Tuesday. The management recently said that it aims to double the company’s data revenue by FY27 and improve the product mix, according to reports. Meanwhile, the open interest of its June futures contract increased 24.9%, indicating a long build up.
⭐ Trent shares rise
Shares of the retail company, which runs Westside stores, rose 5.7% yesterday. This comes after the company announced an aggressive store expansion plan and said that it will invest ₹800 crore in capex in FY24. In light of this, Trent’s June futures contract’s open interest rose 5.5%, signalling long build up.
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