X

NTPC shares power-up, Tech Mahindra shares fall

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%.


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.

Categories: F&O