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Know more about open interest of the NIFTY50, BANK NIFTY and F&O stocks that are in the news. ⤵️
Options setup (Expiry: 31 August)
NIFTY50 Max Call OI➡19,500 BANK NIFTY Max Call OI➡44,500
NIFTY50 Max Put OI➡19,300 BANK NIFTY Max Put OI➡44,500
Max Pain➡ 19,350 Max Pain➡ 44,500
⭐ TVS Motor to ramp up EV production
Shares of the two-wheeler maker were up 2.5% on Tuesday. The management has reportedly said that it is looking to increase the production of EV (electric vehicle) scooters from 10,000 to 30,000 each month. Meanwhile, the open interest of TVS Motor August futures contract declined 26.8%, indicating a short covering.
⭐ Jindal Steel rises on China stimulus hopes
Shares of the steelmaker rose 3% yesterday. This comes after the reports claimed that Chinese officials are set to take measures to support the property market. It could boost the prices of the metal as China is the biggest consumer of steel. Against this backdrop, the open interest of Jindal Steel August futures contract dropped 29.3%, signalling a short covering.
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