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Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup
(Expiry: 7 September) (Expiry: 13 September)
NIFTY50 Max Call OI➡19,700 BANK NIFTY Max Call OI➡45,000
NIFTY50 Max Put OI➡19,500 BANK NIFTY Max Put OI➡44,000
Max Pain➡ 19,550 Max Pain➡ 44,500
⭐ Torrent Pharma shares rise
Shares of the pharma company rose 2.4% on Wednesday. The company is reportedly looking to acquire Cipla. Analysts believe that such a merger would be beneficial for Torrent Pharma as it would help it in diversifying into international markets. Against this backdrop, the open interest of its September futures contract rose 3.2%, indicating a long build up.
⭐ Balrampur Chini in a sweet spot
Shares of the sugar maker rose 1.6% yesterday. This comes at a time when sugar prices have increased over concerns of limited rainfall impacting production in India. Meanwhile, the open interest of Balrampur Chini September futures contract dropped 10.4%, indicating a short covering.
Disclaimer:
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