JSW Energy Sees 14.95% Surge in Open Interest Amidst Trading Fluctuations

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a significant increase in open interest today. The latest open interest stands at 66,434 contracts, marking a rise of 8,639 contracts or 14.95% from the previous open interest of 57,795. This uptick in open interest coincides with a trading volume of 46,037 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, JSW Energy has been under pressure, recording a decline of 1.02% over the last two days. The stock's current price is positioned above its 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day and 20-day moving averages. This suggests a mixed technical outlook.

Additionally, the stock has seen a notable decrease in delivery volume, which fell by 38.94% compared to the 5-day average, with a delivery volume of 10.87 lakh shares on October 29. The liquidity remains adequate, with the stock capable of accommodating trade sizes of Rs 3.61 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for JSW Energy reflects a shift in market dynamics, while the stock continues to navigate a challenging trading environment.