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.
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