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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: 31 August)
| NIFTY50 Max Call OI | 19,500 |
| NIFTY50 Max Put OI | 19,300 |
| Max Pain | 19,300 |
| PCR | 0.86 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,500 |
| PCR | 1.06 |
⭐ Indiabulls Housing Finance soars
Shares of the housing finance company surged 11% yesterday. The company said that it had repaid ₹1,112 crore of bonds. It has been cutting down its borrowing and its net debt-to-equity ratio will stand at 1.8x at the end of this quarter. In the light of this, the open interest of its August futures contract dropped 63.8%, indicating a short covering.
⭐Mphasis shares tumble
Shares of the tech company declined 2.8% on Monday. And, the open interest of its futures contract also dropped 33.1% yesterday, signalling a long unwinding. Meanwhile, experts said the near-term weakness among its large banking and insurance clients could impact the company’s growth.
Disclaimer:
Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.
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