Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 3 August)
| NIFTY50 Max Call OI | 19,800 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,550 |
| PCR | 0.56 |
| BANK NIFTY Max Call OI | 46,000 |
| BANK NIFTY Max Put OI | 45,000 |
| Max Pain | 45,000 |
| PCR | 0.57 |
⭐ Hero MotoCorp shares skid
Shares of the two-wheeler maker declined 3.4% on Wednesday. This comes after ED raided the residence of Hero MotoCorp’s chairman over alleged money laundering. In the light of this, the open interest of Hero MotoCorp August futures’ contract increased 5.5%, indicating a short build up.
⭐ Britannia shares fall
Shares of the biscuit maker declined 0.4% yesterday. Experts state that the slow recovery in rural areas could impact the company’s sales. Meanwhile, its August futures contract’s open interest rose 8.8%, signalling a short build up.
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