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Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 24 August)
| NIFTY50 Max Call OI | 19,500 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,400 |
| PCR | 0.95 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,400 |
| PCR | 1.34 |
⭐ Federal Bank shares soar
Shares of the private bank rose 4.1% on Wednesday. And, the open interest of its August futures contract dropped 3.3%, indicating a short covering. Meanwhile, the management has said that it is looking to attract low-cost deposits amid a rise in cost of funds across the banking industry, according to reports.
⭐ Bharat Forge hits 52-week high
Shares of the forging company rose 2.6% yesterday and hit their 52-week high. This comes at a time when the company’s defence arm has bagged two export orders worth ₹850 crore. Meanwhile, the open interest of its August futures contract declined 2.5%, signalling a short covering.
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