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ONGC falls, Aurobindo Pharma rises

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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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Categories: F&O