Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 13 July)
| NIFTY50 Max Call OI | 19,500 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,450 |
| PCR | 0.90 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 45,000 |
| Max Pain | 44,900 |
| PCR | 0.61 |
⭐ HCL Tech falls ahead of results
Shares of the IT company declined around 1% yesterday. The management had estimated a revenue growth of 6% to 8% in FY24 compared to nearly 14% in FY23. Meanwhile, the open interest of its July futures contract rose 10.9%, indicating a short build up.
⭐ IDFC First Bank shares surge
Shares of the private bank soared 4.7% on Tuesday. The management of the lender expects robust credit growth after the merger with IDFC, according to reports. Against this backdrop, its July futures contract’s open interest rose 5%, signalling a long build up.
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