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 | 19,350 |
| PCR | 0.76 |
| BANK NIFTY Max Call OI | 44,000 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.82 |
⭐ BHEL soars on order win
Shares of Bharat Heavy Electrical (BHEL) rose 9.7% yesterday. The company has received an order worth ₹4,000 crore from the wholly owned subsidiary of Adani Power. In the light of this, the open interest of BHEL August futures contract rose 5.4%, indicating a long build up.
⭐GMR Infra shares surge
Shares of the private airport operator rose 4.6% on Tuesday. This comes after it reported a 30% year-on-year growth in passenger traffic in July. Meanwhile, the open interest of its August futures contract increased 2%, signalling a long build up.
Disclaimer:
Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.