Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 15 June)
| Nifty50 Max Call OI | 18,700 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,700 |
| PCR | 0.77 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.64 |
⭐ NTPC shares power-up
Shares of the government-owned power company rose 3% yesterday. This comes after the reports claimed that NTPC will run its gas-based power plants at full capacity till 30 June 2023 to meet rising electricity demand. In the light of this, the open interest of its June futures contract rose 9%, indicating long build up.
⭐ Tech Mahindra shares fall
Shares of the IT company declined 2% on Thursday. And, its June futures contract’s open interest rose 8.6%, signalling a short build up. Meanwhile, state-owned LIC increased its stake in Tech Mahindra to 8.8% from 6.8%.
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