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Power Grid & Delta Corp tank

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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Categories: F&O