Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 8 June)
| Nifty50 Max Call OI | 19,500 |
| Nifty50 Max Put OI | 18,500 |
| Max Pain | 18,600 |
| PCR | 0.82 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.83 |
⭐M&M in top gear
Shares of the automaker zoomed 4% yesterday. This comes, at a time, when the company posted a 22% YoY rise in its passenger vehicle sales in May this year. In the light of this, its June futures contract’s open interest rose 5.7%, indicating a long build-up.
⭐Tata Chemicals shares surge
Shares of the soda ash manufacturer rose 3% on Monday as it announced restructuring of its US operations. The company has also reportedly signed an agreement to set up an electric vehicle battery plan in Gujarat. Its June futures contract’s open interest also rose 4.5%, signalling a long build-up.
⭐PVR Inox launches 7 new screens
PVR Inox shares rose over 2% on Monday after the company announced the opening of 7 new screens in Bengaluru. Against this backdrop, its June futures contract’s open interest rose 7.1%, indicating a long build-up.
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