Max Healthcare Sees Surge in Open Interest, Indicating Shift in Trading Dynamics
Max Healthcare Institute Ltd has seen a significant rise in open interest, reaching 33,253 contracts, indicating increased trading activity. The day's trading volume was 14,284 contracts, contributing to a total value of approximately Rs 44,753.19 lakhs. Despite a slight decline in investor participation, the stock remains above key moving averages.
Max Healthcare Institute Ltd (symbol: MAXHEALTH) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 33,253 contracts, marking an increase of 3,211 contracts or 10.69% from the previous open interest of 30,042. The trading volume for the day reached 14,284 contracts, contributing to a futures value of approximately Rs 44,149.69 lakhs and an options value of Rs 4,535,229.43 lakhs, bringing the total value to Rs 44,753.19 lakhs.In terms of price performance, Max Healthcare is currently trading 4.68% away from its 52-week high of Rs 1,227.95. Despite this, the stock has underperformed its sector by 0.67% today, with a slight decline of 0.34% over the last day. It is noteworthy that Max Healthcare is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price trajectory.
However, there has been a decline in investor participation, with delivery volume dropping by 37.5% compared to the 5-day average. Overall, the increase in open interest suggests a significant shift in trading dynamics for Max Healthcare, reflecting the stock's current market activity.
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