Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 29 June)
| Nifty50 Max Call OI | 18,800 |
| Nifty50 Max Put OI | 18,800 |
| Max Pain | 18,700 |
| PCR | 0.81 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,700 |
| PCR | 0.84 |
⭐ ONGC shares fall
Shares of the state-owned oil company dropped 1.5% on Friday. This comes at a time when oil prices are declining due to global economic slowdown concerns. Against this backdrop, the open interest of ONGC June futures contract declined 25%, signalling a short build up.
⭐ Aurobindo Pharma gains
Shares of the pharma company rose 4.1% on Friday as its subsidiary entered into a sub-licensing deal to develop and market Nilotinib capsules (used for treatment of leukaemia). However, its June futures contract’s open interest dropped 24%, indicating a short covering.
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