Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 29 June)
| Nifty50 Max Call OI | 18,800 |
| Nifty50 Max Put OI | 18,800 |
| Max Pain | 18,800 |
| PCR | 1.0 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,800 |
| PCR | 0.8 |
⭐ Glenmark Pharma shares fall
Shares of the pharmaceutical company dropped 2.2% yesterday. This comes after the drugmaker said that its US facility received a warning letter from the US FDA. Meanwhile, the open interest of its June futures contract declined 18.4%, indicating a long unwinding.
⭐ BHEL faces selling pressure
Shares of Bharat Heavy Electricals (BHEL) declined 2% on Thursday. Experts observed that BHEL’s order inflow has been weak and order execution has been slow. Against this backdrop, its June futures contract’s open interest dropped 5.5%, signalling a long unwinding.
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