Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 27 July)
| NIFTY50 Max Call OI | 19,900 |
| NIFTY50 Max Put OI | 19,000 |
| Max Pain | 19,800 |
| PCR | 0.79 |
| BANK NIFTY Max Call OI | 48,000 |
| BANK NIFTY Max Put OI | 46,000 |
| Max Pain | 46,000 |
| PCR | 1.04 |
⭐ ICICI Bank beats street expectation
The private bank’s net profit rose 40% YoY in the June quarter, aided by robust growth in net interest income. The results were announced on Saturday. Meanwhile, on Friday, shares of the bank were up 0.49% and its July futures’ open interest dropped 7.5%, indicating a short covering.
⭐ Persistent shares tank
Shares of the IT company declined 5.5% on Friday. This comes after Persistent Systems’ net profit declined 9% sequentially and missed the street estimate. In the light of this, the open interest of its July futures contract also dropped 13.8%, indicating a long unwinding.
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