Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 10 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,500 |
| PCR | 0.87 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 44,500 |
| Max Pain | 44,800 |
| PCR | 0.78 |
⭐ SBI shares tumble
Shares of India’s largest public sector bank declined 2.9% on Friday. In the June quarter, it reported a rise in fresh slippages (loan defaults) and lower-than expected loan growth. In the light of this, the open interest of its August futures contract rose 20.8%, indicating a short build up.
⭐Cipla shares rise
Shares of the pharma company rose 3.5% on Friday. This comes after reports claimed that private equity fund Blackstone will submit a bid to acquire the entire promoter stake in Cipla. Meanwhile, Cipla August futures contract’s open interest increased 5.7%, signalling a long 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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