Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 27 July)
| NIFTY50 Max Call OI | 19,800 |
| NIFTY50 Max Put OI | 19,000 |
| Max Pain | 19,700 |
| PCR | 0.68 |
| BANK NIFTY Max Call OI | 46,000 |
| BANK NIFTY Max Put OI | 46,000 |
| Max Pain | 45,900 |
| PCR | 0.74 |
⭐ TVS Motor shares zoom
Shares of the two-wheeler maker soared 5.8% on Tuesday. This comes after it reported 40% year-on-year growth in net profit in Q1FY24, supported by a 20% rise in revenue. In the light of this, the open interest of TVS Motor July futures contract declined 32%, indicating a short covering.
⭐ACC shares surge
Shares of the cement maker surged 4.6% yesterday. The company is in the race for acquiring Ahmedabad-based Sanghi Cement, according to reports. Meanwhile, ACC July futures’ open interest fell 43.3%, signalling a short covering.
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