Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 15 June)
| Nifty50 Max Call OI | 18,700 |
| Nifty50 Max Put OI | 18,600 |
| Max Pain | 18,600 |
| PCR | 0.73 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.70 |
⭐ BPCL shares rise
Shares of the state-owned oil marketing company (OMC) rose 3% amid a fall in crude oil prices. ICYDK, the drop in oil prices is beneficial for OMCs as it provides a boost to their profitability. Meanwhile, the open interest of BPCL’s June futures contract rose 8.7%, indicating a long build up.
⭐ Indigo shares face turbulence
Shares of India’s largest airline declined around 2% yesterday. This comes after the reports claimed that Rakesh Gangwal’s – one of the co-founders – family will be offloading its 5% to 8% stake in the low-cost carrier in July. Meanwhile, its June futures contract’s open interest increased 6.5%, signalling a short 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.
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