Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 13 July)
| NIFTY50 Max Call OI | 19,400 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,400 |
| PCR | 0.79 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 45,000 |
| Max Pain | 45,000 |
| PCR | 0.67 |
⭐ Balkrishna shares tank
Shares of the tyre maker dropped 4.1% yesterday. Analysts believe that channel destocking may impact the company’s sales volume in the first half of FY24. Against this backdrop, the open interest of its July futures contract rose 6.2%, indicating a short build up.
⭐ ICICI Pru Life shares rise
Shares of the life insurer rose 4.1% on Monday. This comes after it reported that its assured new business grew 8.8% year-on-year in the June quarter. In the light of this, its July futures contract’s open interest increased 2.8%, indicating a long build up.
⭐ SAIL shares surge
Shares of the state-owned steel producer surged 3.8% on Monday. It posted its highest-ever quarterly sales volumes of 3.9 MT in Q1FY24, up 24% year-on-year, according to reports. Meanwhile, its open interest rose 4.6%, indicating a long build up.
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