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.
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