Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 6 July)
| Nifty50 Max Call OI | 19,500 |
| Nifty50 Max Put OI | 18,900 |
| Max Pain | 18,950 |
| PCR | 1.41 |
| Bank Nifty Max Call OI | 44,500 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,400 |
| PCR | 1.36 |
⭐ Adani Enterprises surges
Shares of the flagship company of Adani Group soared 5.6% on Wednesday. This comes after the reports claimed that GQG Partners and other investors bought additional stakes worth $1 billion in Adani Group companies. Against this backdrop, the open interest of Adani Enterprises’ July futures contract rose 29.8%, indicating a long build up.
⭐ JSW Steel shines
Shares of the steelmaker rose 3.2% on Wednesday. Experts state that domestic steel demand is robust across the sectors, driven by constructions and railways. Meanwhile, the open interest of JSW Steel’s July futures contract was up 14%, indicating a long build up.
⭐ Polycab shares rise
Shares of the cable and wire manufacturer rose 4.4% on Wednesday. Experts believe that Polycab’s cable and wire segment could post robust growth, driven by capex revival, infrastructure development and housing sector upcycle. In the light of this, its July futures contract’s open interest increased 6.6%, signalling a long build up.
Disclaimer:
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