Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 7 September)
NIFTY50 Max Call OI➡19,400 BANK NIFTY Max Call OI➡44,500
NIFTY50 Max Put OI➡19,200 BANK NIFTY Max Put OI➡44,000
Max Pain➡ 19,400 Max Pain➡ 44,100
⭐ Maruti Suzuki in the fast lane
Shares of the automaker were up 2%, hitting a record high yesterday. The company plans to invest ₹45,000 crore to double its production capacity to 40 lakh units annually in the next eight years, according to reports. Meanwhile, the open interest of Maruti Suzuki September futures contract increased 39.5%, signalling a long build up.
⭐ IDFC First Bank rise
Shares of the private bank rose 3.2% on Thursday. Analysts claimed that IDFC First Bank is expected to witness inflows worth $214 million from passive funds due to its inclusion in the MSCI Global Standard Index. Against this backdrop, the open interest of its September futures contract rose 75.9%, indicating a long building up.
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