Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 22 June)
| Nifty50 Max Call OI | 19,000 |
| Nifty50 Max Put OI | 18,800 |
| Max Pain | 18,800 |
| PCR | 1.07 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,800 |
| PCR | 0.94 |
⭐ Zee Entertainment shares rise
Shares of the company surged 3.8% yesterday. This comes after Sony reportedly said that it is monitoring developments that could impact its merger with Zee and didn’t raise any concerns. Against this backdrop, the open interest of Zee Entertainment’s futures contract dropped 24.7%, signalling a short covering.
⭐ Shriram Finance shares surge
Shares of the non-banking financial company surged 11% on Wednesday. The weightage of the company could have increased in FTSE and MSCI indices, according to reports. Against this backdrop, Shriram Finance June futures contract’s open interest increased 8.6%, indicating a long build up.
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