Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 24 August)
| NIFTY50 Max Call OI | 19,400 |
| NIFTY50 Max Put OI | 19,300 |
| Max Pain | 19,300 |
| PCR | 0.81 |
| BANK NIFTY Max Call OI | 44,000 |
| BANK NIFTY Max Put OI | 42,000 |
| Max Pain | 43,900 |
| PCR | 0.76 |
⭐ Manappuram shares decline
Shares of the non-banking finance company, which focuses on offering loans against gold, dropped 4.2% on Friday. This comes at a time when prices of yellow metal are on the decline due to rising US government bond yield and a strong dollar. Meanwhile, the open interest of its August futures contract rose 21.7%, indicating a short build up.
⭐ Hindalco shares fall
Shares of the aluminium manufacturing company declined 1.8% on Friday. The aluminium prices have been falling due to the weak global demand and an economic slowdown in China. In the light of this, the open interest of its August futures contract increased 2.1%, signalling a short build up.
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