Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 20 July)
| NIFTY50 Max Call OI | 19,500 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,500 |
| PCR | 0.83 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 45,000 |
| Max Pain | 44,800 |
| PCR | 0.69 |
⭐ Power Grid shares tank
Shares of the power distribution company dropped 3.3% yesterday. Analysts estimate that the expansion into new projects may not yield the same level of profitability. Against this backdrop, the open interest of its July futures contract rose 20.7%, indicating a short build up.
⭐ Delta Corp shares tank
Shares of the casino company declined 5.1% on Thursday. This comes at a time when the Good & Services Tax (GST) Council has decided to levy 28% GST on casinos, online gaming and horse racing. In the light of this, Delta Corp July futures contract’s open interest increased 50.6%, indicating a short build up.
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