Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 17 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,450 |
| PCR | 0.85 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,100 |
| PCR | 0.77 |
⭐ City Union Bank shares tank
Shares of the Tamil Nadu-based lender dropped 5.7% on Monday. This comes after its asset quality deteriorated and net interest income declined marginally in the June quarter. Against this backdrop, the open interest of its August futures contract rose 4.9%, indicating a short build up.
⭐NMDC shares surge
Shares of India’s largest producer of iron ore soared 4.4% on Monday. The open interest of its August futures contract also rose 4.6%, signalling a long build up. It reported a 12% rise in its Q1 net profit, which was aided by a 13% increase in revenue.
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