Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 22 June)
| Nifty50 Max Call OI | 18,800 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,700 |
| PCR | 0.88 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 43,600 |
| PCR | 0.53 |
⭐ Tata Chemicals faces selling pressure
Shares of soda ash maker dropped 2.3% on Thursday. This comes after Tata Chemicals reportedly slashed soda ash prices by 3% to 4% in April amid an unexpected supply glut. Meanwhile, Tata Chemicals’ June futures contract’s open interest rose 25.6%, indicating a short build up.
⭐ Godrej Properties to acquire land
The realty player said that it will acquire a 7.44 acre land parcel in Kolkata for a luxury housing project. Against this backdrop, shares of Godrej Properties rose 4% and the open interest of its June futures contract decreased 7.0%, signalling a short covering.
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