Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 20 April)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,500 |
| Max Pain | 17,700 |
| PCR | 0.8 |
| Bank Nifty Max Call OI | 42,500 |
| Bank Nifty Max Put OI | 42,000 |
| Max Pain | 42,200 |
| PCR | 0.9 |
⭐SBI to raise funds
₹545 ▲ 1.8 (+0.3%)
Shares of the State Bank of India settled higher on Tuesday. The public sector lender said that its board has approved evaluating long-term fund-raising in single or multiple tranches up to $2 billion. Meanwhile, the OI of the SBI April futures contract fell 6.0%, indicating a short covering.
⭐NTPC plans to ramp up capacity
₹170 ▲ 0.5 (+0.2%)
NTPC shares ended with gains on Monday after the country’s largest power generator said it hopes to commission 3.5 GW of capacity by 2030 from its two nuclear plants under construction. Meanwhile, the OI of the NTPC April futures contract fell 1.0%, indicating a short covering.
⭐Tata Chemicals slumps 5%
₹932 ▼ 58 (-5.9%)
Tata Chemicals shares fell more than 5% after the company slashed light and dense soda ash prices by 3-4% across the country. Meanwhile, the OI of Tata Chemicals April futures contract fell 18.8%, indicating a short 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.
Download the Upstox App Today