Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 11 May)
| Nifty50 Max Call OI | 18,500 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,250 |
| PCR | 0.92 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,300 |
| PCR | 0.87 |
⭐Pidilite forays into the paints business
▲₹2,520 ▲39 (+1.5%)
Pidilite Industries Shares surged after launching a range of decorative paints in selected regions. The maker of Fevicol and Dr Fixit has named the paint brand "Haisha". Meanwhile, the OI of its May futures contract fell 3.9%, indicating short covering.
⭐Aarti Industries tumbles on weak demand
▲₹507 ▼49 (-8.9%)
The shares of the speciality chemical maker slipped over 8% on Tuesday. This comes after management highlighted sluggish demand in key geographies and discretionary categories in its Q4 conference call. Aarti Industries reported its March quarter results, with net profit and revenue coming below street estimates. Against this backdrop, the OI of its May futures contract jumped 33%, indicating a short build-up.
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.
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