Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 10 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,550 |
| PCR | 1.08 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 44,500 |
| Max Pain | 44,900 |
| PCR | 0.72 |
⭐ Divis Lab shares soar
Shares of the pharma company rose 4.5% on Monday. Analysts state that pharma companies could benefit from easing of raw material prices and logistics costs going forward. Meanwhile, the open interest of Divis Lab August futures contract increased 8.9%, signalling a long build up.
⭐ Aditya Birla Fashion shares tank
Shares of the fashion retailer declined 4.9% yesterday. This comes as its profitability was impacted in the June quarter due to losses in ethnic and TRMW segments. Against this backdrop, the open interest of its August futures rose 20.5%, indicating 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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