Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 20 July)
| NIFTY50 Max Call OI | 20,000 |
| NIFTY50 Max Put OI | 19,800 |
| Max Pain | 19,800 |
| PCR | 1.23 |
| BANK NIFTY Max Call OI | 46,000 |
| BANK NIFTY Max Put OI | 45,500 |
| Max Pain | 45,600 |
| PCR | 1.13 |
⭐Can Fin Home rises on robust results
Shares of the housing finance company rose 3% yesterday. Its July futures contract’s open interest also increased 16.7%, indicating a long build up. Meanwhile, Can Fin Home’s net profit rose 13% year-on-year in the June quarter, supported by robust interest income growth.
⭐ ICICI Pru Life falls on subdued Q1
Shares of the life insurer declined 2.7% on Wednesday. This comes after the company’s value of new business – a key metric for life insurers – declined 7% year-on-year to ₹438 crore. Against this backdrop, the open interest of its July futures contract rose 4.2%, indicating a short build up.
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