Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 13 July)
| Nifty50 Max Call OI | 19,400 |
| Nifty50 Max Put OI | 19,400 |
| Max Pain | 19,400 |
| PCR | 0.69 |
| Bank Nifty Max Call OI | 45,000 |
| Bank Nifty Max Put OI | 45,000 |
| Max Pain | 45,000 |
| PCR | 0.70 |
⭐ Tata Motors in the fast lane
Shares of the automaker soared 3.6% on Friday. This comes after the company reported that Jaguar Land-Rover wholesale sales were up 30% year-on-year to 93,253 in the June quarter. Against this backdrop, the open interest of its July futures contract rose 5.5%, indicating a long build up.
⭐ M&M Finance shares tank
Shares of the non-banking financial company declined 3.3% on Friday. Analysts state that in the rising interest rate environment the margins or profitability of vehicle financiers is adversely impacted. Meanwhile, its July futures contract’s open interest rose 5.8%, indicating a short build up.
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