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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: 25 May)
| Nifty50 Max Call OI | 18,400 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,300 |
| PCR | 1.12 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.94 |
⭐Adani Enterprises surges 13%
₹2,633▲ 307 (+13%)
Adani Enterprises surged over 13% on Tuesday. This comes after GQG Partners increased its stake in the conglomerate by around 10% and will participate in the group's future fundraising. Meanwhile, the open interest of its May futures contract dropped 27.8%- indicating short covering.
⭐Divi's Labs jumps on revenue guidance
₹3,385▲120 (+3%)
Shares of the pharmaceutical company surged over 3% after the company’s management expects margins to normalise by the end of FY24 and has guided for a double digit revenue growth. Meanwhile, the open interest of its May futures contract dropped 31.7%- indicating short covering.
Disclaimer:
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