Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 10 August)
| NIFTY50 Max Call OI | 20,000 |
| NIFTY50 Max Put OI | 18,000 |
| Max Pain | 19,400 |
| PCR | 0.66 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 44,500 |
| Max Pain | 44,500 |
| PCR | 0.60 |
⭐ MRF shares zoom
Shares of the tyre maker surged 4.8% on Thursday. This comes after it reported a multifold rise in its Q1 net profit, aided by higher revenue and lower raw material costs. In the light of this, the open interest of MRF August futures contract rose 9.9%, signalling a long build up.
⭐ Vedanta shares tank
Shares of the mining company dropped 6.7% yesterday. Its promoter entity sold 4.1% stake in the company. Against this backdrop, Vedanta August futures contract increased 44.4%, indicating a short build up.
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