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In the weekly options segment, the highest Call Open Interest (OI) is positioned at 22500, followed by 22300 strikes. Conversely, the highest Put Open Interest (OI) is situated at 22000, with additional concentration towards 21900 strikes.
Abhijit Chokshi from Stockifi.in recommends Aarti Pharmaceuticals in midcaps for caffeine APIs. Also bullish on PSU banks like SBI, PNB, rural plays like Dabur, and sectors like power, ports, and shipping.
Stocks such as Aditya Birla Fashion, SAIL, Container Corp and Biocon were among the top gainers on Nifty 200 during this week.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter also increases.
When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up.