Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 20 July)
| NIFTY50 Max Call OI | 20,000 |
| NIFTY50 Max Put OI | 19,800 |
| Max Pain | 19,800 |
| PCR | 1.40 |
| BANK NIFTY Max Call OI | 46,000 |
| BANK NIFTY Max Put OI | 46,000 |
| Max Pain | 45,900 |
| PCR | 1.26 |
⭐ Infosys shares fall
Shares of the tech company declined 2.1% yesterday. Its July futures contract’s open interest also dropped 7.3%, indicating a long unwinding. Meanwhile, the management of Infosys has slashed its FY24 revenue guidance to 1% to 3.5% from 4% to 7%, amid a challenging demand environment.
⭐ HDFC AMC surges
Shares of the asset management company soared 4.5% on Thursday. This comes after reports claimed that the SEBI is expected to release the new consultation paper on expansion ratio regulations within a week. In the light of this, the open interest of HDFC AMC July futures contract declined 5%, indicating a short covering.
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