Max Pain level at 15,100 for Nifty; Aurionpro Solutions hits upper circuit for second consecutive day

The Indian benchmark indices started on a positive note on Wednesday. However, profit booking was witnessed at higher levels; as a result of which, Nifty trimmed almost 100 points from the day’s high.  

On the sectoral front, defensive sectors such as Nifty IT and Nifty Pharma have been seen outperforming the frontline indices. The top contributors for Nifty 50 were Infosys and Hindustan Unilever. Meanwhile, the stock of Reliance Industries, HDFC Bank and ICICI Bank is putting pressure on the index.   

The index is likely to trade between the ranges of 15,000-15,200 on the weekly expiry day as 15,200 CE option has witnessed an addition of more than 36 lakh shares in the open interest. With this, the total concentration of open interest was at 15,200 call options, which reached 70.8 lakh and this is the maximum open interest seen in the call options. On the other hand, the open interest addition on the put side is seen around 15,000 and 15,100 put options. Besides, the 15,000 put options are where the maximum concentration of open interest is seen. Max Pain level currently stands at 15,100 levels.   

Talking about the stock-specific performance, Aurionpro Solutions was seen to be up by 19.99 per cent, locked in the upper circuit for the second straight day in a row. The delivery quantity in the last trading session for this stock was 1,69,491. This is highest delivery quantity seen in the last one month in the stock.   

Meanwhile, the stock of Intellect Design Arena has surged 2.5 per cent after today’s announcement, which states that Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Ltd has been ranked no. 1 in the world for transaction banking by IBS Intelligence. Hanoi-headquartered Vietcombank has now deployed iGTB’s next-generation digital transaction banking enterprise suite (DTB).