Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 20 July)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,500 |
| PCR | 1.23 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 43,000 |
| Max Pain | 44,800 |
| PCR | 0.82 |
⭐ OFSS shares surge
Shares of Oracle Financial Services Software soared 4.6% on Friday. This comes at a time when tech stocks are rising amid moderation in the US inflation rate. Meanwhile, the open interest of its July futures contract rose 22.6%, indicating a long build up.
⭐Nalco shares rise
Shares of National Aluminium Company rose 5.8% on Friday. The price of aluminium is rising due to low inventory and hopes of demand from China. Against this backdrop, Nalco July futures contract rose 4.5%, indicating a long build up.
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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