F&O cues for D-Street on Friday
The Nifty50 index formed an inverted hammer on the daily chart, as it failed to hold its gains and corrected sharply towards the 9,500 level on Thursday.
The index closed with a marginal gain of 13 points after showing a negative streak in the last six sessions.
On the options front, maximum Put open interest for the July series stands at strike prices 9,400 followed by 9,500, while maximum Call OI was seen at strike price 9,700 followed by 9,800.
Options open interest remained scattered at different strike prices, being the beginning of a new series, but it signified the 9,400-9,700 band on a weekly basis.
Long buildup was seen on select FMCG and metal counters while shorts addition was seen on the counters of Havells and select pharma stocks.