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 | 19,400 |
| Nifty50 Max Put OI | 19,300 |
| Max Pain | 19,300 |
| PCR | 1.46 |
| Bank Nifty Max Call OI | 46,500 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 45,300 |
| PCR | 1.45 |
⭐ Bajaj Finance shares soar
Shares of the non-banking financial company rose 7.3% on Tuesday as its new loans were up by 34% YoY to 99 lakh in Q1FY24. Against this backdrop, the open interest of its July futures contract increased 4.6%, indicating a long build up.
⭐ Hero Motocorp in the fast lane
Shares of Hero Motocorp surged 4.7% on Tuesday. Its July futures contract’s open interest also rose 2.3%, signalling a long build up. This comes at a time when Hero Motocorp has opened bookings for Harley-Davidson X440 – the premium bike which it has developed with Harley-Davidson.
⭐ Federal Bank shares rise
Shares of the bank rose 3.4% on Tuesday. In Q1FY24, it reported robust growth in loans (21% YoY) and deposits (21% YoY), according to provisional figures. In the light of this, the open interest of its July futures contract rose 3%, indicating a long build up.
Disclaimer:
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