Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 17 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,300 |
| Max Pain | 19,400 |
| PCR | 1.05 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 43,800 |
| Max Pain | 44,000 |
| PCR | 0.84 |
⭐ Lupin shares rise
Shares of the pharma company rose 2.9% yesterday. This comes after it received an approval from the US FDA for a generic drug. This tablet is used to treat chest pain and high blood pressure and had annual sales of $305 million in the US. Meanwhile, the open interest of its August futures contract rose 8%, signalling a long build up.
⭐ Hindustan Copper shares tank
Shares of the copper maker declined 6% on Wednesday. And, the open interest of its August futures contract rose 35.6%, signalling a short build up. This comes at a time when copper prices hit a two-month low amid concerns over an economic slowdown in China. ICYDK, China is the world’s largest consumer of copper.
Disclaimer:
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