Page 17 - Trade Setup News Today

A short build-up was seen in 63 stocks, including InterGlobe Aviation, Hindustan Copper, Coforge, Muthoot Finance, and SAIL. An increase in OI along with a fall in price points to a build-up of short positions.

If the Nifty fails to hold above 19,250, it can slip to 19,000 but if it sustains above the 50-day EMA, the index can move close to 19,500-19,600, experts said

A short build-up was seen in 66 stocks, including Apollo Tyres, Max Financial Services, Britannia Industries, Info Edge India, and Laurus Labs. An increase in OI along with a fall in price points to a build-up of short positions.

Based on the OI percentage, 75 stocks, including Alkem Laboratories, PI Industries, Escorts Kubota, MRF and Dixon Technologies saw long unwinding.

Coal India, Trent, Dr Reddys, ABB India and JK Cement were among the 61 stocks that saw a long build-up

A short build-up was seen in 51 stocks, including Delta Corp, Tata Chemicals, Torrent Pharmaceuticals, AU Small Finance Bank and Colgate Palmolive. An increase in OI along with a fall in price points to a build-up of short positions

The hurdle for Nifty50 is expected to be at 19,600-19,700 area. If it gets surpassed and sustained, there is a possibility of the index breaking lower highs and lower lows formation

Based on the OI percentage, 64 stocks were on the short-covering list. These included Bharti Airtel, Axis Bank, Laurus Labs, Torrent Pharmaceuticals, and Jubilant Foodworks. A decrease in OI along with a price increase is an indication of short-covering.

A short build-up was seen in 74 stocks, including Vedanta, RBL Bank, Godrej Properties, L&T Finance Holdings, and Berger Paints. An increase in OI along with a fall in price points to a build-up of short positions

Based on the OI percentage, 86 stocks including Hindustan Copper, Apollo Tyres, NTPC, Oracle Financial and Metropolis Healthcare saw long unwinding.