Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup
(Expiry: 7 September) (Expiry: 6 September)
NIFTY50 Max Call OI➡19,600 BANK NIFTY Max Call OI➡44,500
NIFTY50 Max Put OI➡19,400 BANK NIFTY Max Put OI➡44,000
Max Pain➡ 19,500 Max Pain➡ 44,500
⭐ Nalco shares shine
Shares of the National Aluminium Company (NALCO) were up 6.3% on Monday. Experts state that the demand for the metal could grow from electric vehicle makers and solar panel manufacturers. In the light of this, the open interest of NALCO September futures contract rose 27%, indicating a long build up.
⭐ Escorts Kubota shares fall
Shares of the tractor maker declined 3% yesterday. This comes after the company’s tractor sales dropped 8.5% year-on-year to 5,593 units in August this year. The management said that deficient monsoon and shifting of the key festive season to the third quarter impacted sales. Against this backdrop, the open interest of Escorts Kubota increased 6.7%, signalling a short build up.
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