Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 25 May)
| Nifty50 Max Call OI | 18,400 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,300 |
| PCR | 0.87 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 44,700 |
| PCR | 0.72 |
⭐Deepak Nitrite jumps on capex plan
₹2,132▲ 181 (+9%)
Deepak Nitrite surged more than 9% on Wednesday after its subsidiary announced that it will invest around ₹5,000 crore in Gujarat over the next four years. Against this backdrop, the open interest of its June futures contract rose 23.1% - indicating long build-up.
⭐Dixon’s Q4 profit rises
₹3,503▲227 (+6%)
Dixon Technologies' net profit surged 28% to ₹81 crore in Q4FY23, helped by improved margins on the back of healthy performance in the home appliances and mobile phones + EMS businesses. Meanwhile, open interest of its June futures contract rose 30.2% - indicating long build-up.
⭐India Cements loss widens
₹190▼ 5 (-2%)
India Cements' loss widened to ₹218 crore in the March quarter of FY23 compared to ₹24 crore in the same quarter last year. The sharp decline in profit was due to a one-time exceptional loss and higher raw material, power and fuel costs. Meanwhile, the open interest of its June futures contract rose 41.2% - indicating 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.
Download the Upstox App Today