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.
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