Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 10 August)
| NIFTY50 Max Call OI | 19,800 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,600 |
| PCR | 1.09 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 44,500 |
| Max Pain | 44,800 |
| PCR | 0.71 |
⭐ Bharat Forge shares surge
Shares of the forging company rose 7.5% yesterday after it reported robust growth in its Q1 net profit. The management said that stable demand and ramping up of new business will drive revenue growth in FY24. Meanwhile, the open interest of its August futures contract rose 9%, indicating a long build up.
⭐ Trent shares rise
Shares of the fashion retail chain rose 4.7% on Wednesday. This comes after it reported a 54% YoY rise in its revenue in the June quarter. Trent is on an expansion spree and added 49 stores in Q1FY23. Against this backdrop, the open interest of its August futures contract rose 15.1%, signalling a long build up.
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