Maruti Suzuki skids, Torrent Pharma zooms

Blog | F&O

Good morning!☕🗞️

Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines  ⤵️

Options setup (Expiry: 1 June)

Nifty50 Max Call OI 18,600
Nifty50 Max Put OI 18,500
Max Pain 18,500
PCR 0.84
Bank Nifty Max Call OI 44,500
Bank Nifty Max Put OI 44,000
Max Pain 44,100
PCR 0.79

Maruti expects production cuts in Q1
₹9,325 ▼58 (-0.6%)

Shares of Maruti Suzuki slipped on Wednesday after the company said that it expects the production cuts to continue in Q1 of FY24. Against this backdrop, the open interest of its June futures contract jumped 24.9%, indicating short build-up.

Torrent Pharma’s stellar Q4 performance
₹1,819 ▲105 (+6.1%)

Shares of the specialty-focused pharma company soared after it reported robust Q4 numbers. Its revenue rose 17%, driven by strong growth across geographies. In view of this, the open interest and price of its June futures contract (+58.9%) rose, signalling a long build-up. 

Dixon ties up with Xiaomi India
₹3,880 ▲197 (+5.3%)

Shares of the electronic manufacturing services company jumped on Wednesday. This comes after it proposed a partnership with Xiaomi India to manufacture and export mobile phones. In light of this, its June futures contract’s open interest (+6.8%) and price increased – indicating a long build up. 


Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 475+ stocks

Download IconDownload the Upstox App Today