Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 24 August)
| NIFTY50 Max Call OI | 19,400 |
| NIFTY50 Max Put OI | 19,300 |
| Max Pain | 19,350 |
| PCR | 0.97 |
| BANK NIFTY Max Call OI | 44,000 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 1.0 |
⭐ Adani Ports shares soar
Shares of the ports and logistics company rose 2.5% yesterday. This comes after US-based asset management firm GQG Partners reportedly increased its stake in Adani Ports to 5% from 4.9%. In the light of this, the open interest of its August futures contract increased 2.1%, signalling a long build up.
⭐ NTPC shares rise
Shares of India’s largest power generation company were up 1.8% on Monday. Analysts have pointed out that India reported peak power demand this year recording its highest-ever annual growth. Against this backdrop, the open interest of NTPC August futures contract increased 6.5%, indicating a long build up.
Disclaimer:
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