Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 13 July)
| Nifty50 Max Call OI | 19,500 |
| Nifty50 Max Put OI | 19,400 |
| Max Pain | 19,450 |
| PCR | 1.42 |
| Bank Nifty Max Call OI | 46,000 |
| Bank Nifty Max Put OI | 45,000 |
| Max Pain | 45,200 |
| PCR | 1.13 |
⭐ M&M shares zoom ahead
Shares of the automaker rose 5% on Thursday. This comes at a time when the company has reported sales growth of 15% year-on-year to 62,429 in June 2023. Against this backdrop, the open interest of its July futures contract rose 11.6%, indicating a long build up.
⭐ Aurobindo Pharma shares rise
Shares of the pharmaceutical company were up 4.2% yesterday. The company’s subsidiary has announced positive results in the phase-3 clinical trial of the breast cancer biosimilar product. Meanwhile, its July futures contract’s open interest increased 18.9%, signalling a long build up.
⭐ Eicher Motors shares skid
Shares of the two-wheeler declined 2.5% on Thursday as the competition in the premium bike segment is expected to intensify. In the light of this, Eicher Motors July futures contract’s open interest rose 12.9%, indicating a short build up.
Disclaimer:
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