Max Healthcare Sees Surge in Open Interest Amid Market Dynamics Shift

Max Healthcare Institute Ltd (MAXHEALTH) has experienced a significant increase in open interest today, with the latest open interest recorded at 43,623 contracts, up from the previous 35,128 contracts. This marks a notable change of 8,495 contracts, reflecting a percentage increase of 24.18%. The trading volume for the stock reached 46,481 contracts, indicating robust activity in the derivatives market.
In terms of market performance, Max Healthcare has underperformed its sector by 0.66% today, with a one-day return of -1.16%. The stock has been on a downward trend, experiencing consecutive declines over the past two days, resulting in a total drop of 2.47% during this period. The weighted average price suggests that more volume was traded closer to the stock's low price.

Despite the recent challenges, the stock remains above its 100-day and 200-day moving averages, although it is currently below the 5-day, 20-day, and 50-day moving averages. Additionally, liquidity remains adequate, with a trading capacity of Rs 5.11 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Max Healthcare Institute, reflecting evolving investor sentiment.