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Glenmark Pharma and BHEL decline

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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: 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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Categories: F&O