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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 BANK NIFTY Max Call OI➡44,500
NIFTY50 Max Put OI➡19,300 BANK NIFTY Max Put OI➡44,000
Max Pain➡ 19,350 Max Pain➡ 44,300
⭐ Indian Hotels shares jump
Shares of the luxury hotel and resort operator soared 6.2% on Wednesday. Analysts said that events such as G20 Summit, Miss World Beauty contest and Cricket World Cup could boost revenue and occupancy rates of the hospitality industry. Meanwhile, the open interest of Indian Hotels August futures contract declined 33.9%, indicating a short covering.
⭐ BHEL bag thermal power project
Shares of Bharat Heavy Electrical (BHEL) rose 2.9% yesterday. This comes after it bagged an order from NTPC for setting up a thermal power plant. The NPTC has said that its board has given approval for this project, which has an estimated cost of ₹15,529 crore. Meanwhile, the open interest of BHEL August futures dropped 74.4%, signalling a short covering.
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