Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 28 June)
| Nifty50 Max Call OI | 18,900 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,800 |
| PCR | 1.15 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 1.52 |
⭐ HDFC Life surges
Shares of the life insurance company soared 5.5% yesterday. This comes at a time when HDFC has received approval from Competition Commission of India to buy additional stake in HDFC Life. Meanwhile, the open interest of the life insurer’s June futures contract dropped 51.3%, indicating a short covering.
⭐ Metropolis shares rise
Shares of the diagnostic services provider surged 5.3% on Tuesday. Experts believe new entrants in the space are not offering discounts aggressively anymore, which could be beneficial for the company. Meanwhile, its June futures contract’s open interest dropped 51.4%, signalling a short covering.
Disclaimer:
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