Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 22 June)
| Nifty50 Max Call OI | 19,000 |
| 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 | 43,500 |
| Max Pain | 43,700 |
| PCR | 0.88 |
⭐ HDFC AMC shares surge
Shares of the asset management company rose 11% on Tuesday. The reports claimed that Abrbn Investment Management sold off its remaining stake (10.2%) in HDFC AMC eliminating a key concern. Against this backdrop, the open interest of its June futures contract rose 15.4%, indicating a long build up.
⭐ Piramal Enterprises soars
Shares of the company surged 6% yesterday. This comes at a time when two bidders are vying for the company’s distressed loan portfolio of ₹2,600 crore, according to reports. Meanwhile, its June futures contract’s open interest increased 3.1%, signalling a long build up.
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