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Based on the OI percentage, 72 stocks were on the short-covering list. These included JK Cement, Mahanagar Gas, HDFC AMC, RBL Bank and M&M Financial Services
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Specialty chemical company Deepak Nitrite's stock price rose by 12% in one month, reaching over Rs 2,200. Experts predict that the rally may not be over yet, and short-term traders can buy the stock for a target above Rs 2,500 in the next one to two months. Additionally, the short-term moving average crossed the long-term moving average, and a breakout descending triangle pattern on the weekly charts suggests the possible reversal of the trend. The RSI also exhibited a breakout on a weekly timeframe, highlighting positive momentum.
Based on the OI percentage, 61 stocks including HDFC AMC, Adani Enterprises, NMDC, Atul and Exide Industries saw a short build-up.
Based on the OI percentage, 51 stocks were on the short-covering list. These included Petronet LNG, Deepak Nitrite, Coforge, Hindustan Petroleum Corporation and Can Fin Homes