Good morning!☕🗞️
Stay on top of your game with today's options set-up and F&O headline makers.
Options setup (Expiry: 23 February)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,500 |
| Max Pain | 17,650 |
| PCR | 0.70 |
| Bank Nifty Max Call OI | 41,500 |
| Bank Nifty Max Put OI | 39,000 |
| Max Pain | 40,200 |
| PCR | 0.50 |
⭐DLF shares decline
₹348 ▼8 (-2.4%)
Interest rate-sensitive realty stocks declined following the release of the RBI's February MPC meeting minutes. Shares of DLF fell more than 2% on Wednesday, while the OI of its February futures contract rose 58%, indicating a short build-up. This comes after the members of the central bank said that inflation remains high and is the biggest threat to the macroeconomic outlook.
⭐Voltas soars on heatwave alert
₹914 ▲18 (+2.0%)
Voltas and other air conditioners stocks were in the spotlight after IMD warned of 'abnormal' temperatures starting this month. Share of Voltas rose over 2%, while the OI of its February futures contract rose marginally by 0.09%, indicating a long build-up.
⭐Succession concerns hit Kotak Bank
₹1,700 ▼29 (-1.7%)
Kotak Mahindra Bank closed lower on Wednesday, while the OI of its February futures contract rose 21%, indicating a short build-up. This comes after reports suggested that the board has engaged a talent management and consulting firm to lead a global search for a Chief Executive Officer to replace its founder Uday Kotak.
Disclaimer:
Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.