Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 6 July)
| Nifty50 Max Call OI | 19,500 |
| Nifty50 Max Put OI | 19,300 |
| Max Pain | 19,250 |
| PCR | 1.47 |
| Bank Nifty Max Call OI | 45,200 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 45,100 |
| PCR | 1.46 |
⭐ IOC shares surge
Shares of the state-owned oil marketing company (OMC) rose 4.8% on Monday. This comes at a time when oil prices have been on a downward trajectory, due to global economic slowdown concerns. Lower oil prices are beneficial for OMCs as oil is a raw material for them. In the light of this, the open interest of IOC’s July futures contract was up 19.7%, indicating a long build up.
⭐ Canara Bank shares rise
Shares of the lender soared 5.4% on Tuesday. Its July futures contract’s open interest also rose 5.6%, signalling a long build up. Meanwhile, the bank is planning to raise ₹7,500 crore by issuing bonds.
⭐ Bajaj Auto sales fall
The two-wheeler manufacturer’s sales dropped 2% YoY in June, primarily due to contraction in exports. Against this backdrop, shares of the company declined 1.7% on Monday. And the open interest of its July futures contract increased 4.6%, indicating a short build up.
Disclaimer:
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