Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 29 June)
| Nifty50 Max Call OI | 18,800 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,700 |
| PCR | 0.83 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,600 |
| PCR | 0.82 |
⭐ Apollo Tyres shares skids
Shares of the tyre maker dropped 1.8% yesterday. Experts believe that the company’s current profitability isn’t sustainable due to weak pricing power and intense competition in some segments. Against this backdrop, the open interest of its June futures contract dropped 42.1%, indicating a long unwinding.
⭐ SBI Card faces selling pressure
Shares of the pure play credit card issuer dropped 1.1% on Monday. This comes after the experts claimed that the company continues to lose market share. Meanwhile, its June futures contract’s open interest rose 49.9%, indicating a short build up.
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