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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: 3 August)
| NIFTY50 Max Call OI | 19,800 |
| NIFTY50 Max Put OI | 19,600 |
| Max Pain | 19,700 |
| PCR | 0.85 |
| BANK NIFTY Max Call OI | 46,000 |
| BANK NIFTY Max Put OI | 45,500 |
| Max Pain | 45,600 |
| PCR | 0.90 |
⭐ Hindustan Copper surges
Shares of the copper mining and manufacturing company soared 10.7% yesterday. This comes at a time when copper prices are on the rise due to the possibility of the US rate hike pause and stimulus announcement to boost the Chinese economy. In the light of this, the open interest of Hindustan Copper August futures contract rose 15%, indicating a long build up.
⭐ Maruti Suzuki meets street estimate
The carmaker’s Q1 net profit was in line with the street expectation as the easing of chip shortage gave a boost to sales. Meanwhile, its share price was up 1.4% and its August futures contract’s open interest also increased 4.9%, indicating a long build up.
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