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:
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.