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Stay on top of your game with today's options set-up and F&O headline makers.
Options setup (Expiry: 2 March)
| Nifty50 Max Call OI | 17,600 |
| Nifty50 Max Put OI | 17,000 |
| Max Pain | 17,450 |
| PCR | 0.55 |
| Bank Nifty Max Call OI | 41,000 |
| Bank Nifty Max Put OI | 40,000 |
| Max Pain | 40,200 |
| PCR | 1.06 |
⭐Power Grid’s investment push
219 ▲4 (+1.9%)
Shares of Power Grid rose nearly 2%, while the OI of its March futures contract rose 0.3%, indicating a long build-up. Meanwhile, the call option OI on the 222.5 and 225 contracts rose 78% and 26%, respectively. This comes after the board of the power transmission company approved investments worth ₹803 crore for multiple electricity transmission projects in the country.
⭐Bajaj Auto plunges on production cuts
3,644 ▼205 (-5.3%)
Bajaj Auto fell more than 5% on Monday, while the OI of its March futures contract declined 5.5%, indicating a long unwinding. This comes after a report suggested that the automaker plans to cut production in the two and three-wheeler segments by up to 25% at its export-oriented plants.
⭐Mphasis tumbles 6%
2,049 ▼148 (-6.7%)
Shares of Mphasis fell more than 6% on Monday. The OI of its March futures contract rose 18%, indicating a short build-up. This comes after the IT company's management said that deal wins are taking longer to turn into revenue in the current macro environment.
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.