Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 15 June)
| Nifty50 Max Call OI | 18,900 |
| Nifty50 Max Put OI | 18,700 |
| Max Pain | 18,700 |
| PCR | 1.16 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.67 |
⭐ Tata Consumer shares at record high
Shares of the FMCG company rose 5.1% on Wednesday, hitting their all-time high. Experts believe that the company's margins could expand due to premiumisation drive in its salt and tea segments. Against this backdrop, its June futures contract’s open interest rose 11.7%, indicating a long build up.
⭐ IPCA Lab shares fall
Shares of the pharma company declined 2.4% yesterday as its Ratlam (Madhya Pradesh) facility received observations from the US Food & Drug Administration (US FDA). In the light of this, the open interest of its June contract increased 8.3%, signalling a short build up.
⭐ Zydus Life shares rise
Shares of the pharmaceutical company rose around 3% yesterday. This comes after it received final approval from the US FDA for Varenicline tablets (used to treat smoking addiction). Meanwhile, the open interest of its June contract increased 1.1%, indicating a long build up.
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