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Vodafone Idea and Sun TV shine

Good morning!☕🗞️

Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️


Options setup (Expiry: 31 August)

NIFTY50 Max Call OI 19,500
NIFTY50 Max Put OI 19,000
Max Pain 19,300
PCR 0.66
BANK NIFTY Max Call OI 45,000
BANK NIFTY Max Put OI 44,000
Max Pain 44,200
PCR 0.79

Vodafone Idea shares surge
Shares of the telecom player rose 8.8% on Friday. This comes after its management reportedly told the Department of Telecommunications (DoT) that the company has received term sheets from potential investors for equity fund raising. Meanwhile, the open interest of its August futures contract declined 12.3%, signalling a short covering.

⭐ Sun TV hits 52-week high
Shares of Sun TV surged 3.5% to touch their 52-week high on Friday. Experts said that the success of Rajinikanth’s Jailer, which was produced by the company, could provide a boost to Sun TV’s movie distribution revenue. Meanwhile, the open interest of its August futures contract dropped 18.3%, indicating a short covering.


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Categories: F&O