Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 7 September)
NIFTY50 Max Call OI➡19,600 BANK NIFTY Max Call OI➡44,500
NIFTY50 Max Put OI➡19,300 BANK NIFTY Max Put OI➡44,000
Max Pain➡ 19,400 Max Pain➡ 44,300
⭐ SAIL surge on bright outlook
Shares of the state-owned steel maker soared 11% on Friday. Experts state that robust capex allocation in key steel consumption sectors such as railways, national highways and housing is expected to drive demand. Against this backdrop, the open interest of SAIL September futures contract rose 11.6%, indicating a long build up.
⭐ ONGC shares rise
Shares of the oil and gas production and exploration company rose 4% on Friday. This comes after the central government increased the prices of domestic natural gas. In the light of this, the open interest of ONGC rose 16.6%, indicating a long build up.
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