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 | 19,400 |
| PCR | 0.84 |
| BANK NIFTY Max Call OI | 44,000 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.76 |
⭐ Bata India shares surge
Shares of the footwear maker rose 5.5% on Thursday. The open interest of its August futures contract dropped 20.5%, signalling a short covering. Meanwhile, Bata India is reportedly in talks with Adidas for a strategic partnership for the Indian markets.
⭐REC at 52-week high
Shares of the finance company soared 5.6% to hit their 52-week high. The management said that the company is aiming to achieve zero net non-performing assets (NPAs) or bad loans by FY25, according to reports. Meanwhile, the open interest of its August futures contract dropped 8.2%, indicating a short covering.
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