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Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.
An increase in OI along with a price decrease indicates a build-up of short positions. Based on the OI percentage, 63 stocks, including Chambal Fertilizers, IRCTC, Apollo Hospitals Enterprises, Tata Chemicals and Coforge saw a short build-up
Based on the OI percentage, 87 stocks, including Astral, Lupin, Indiabulls Housing Finance, Titan Company and National Aluminimum Company, saw long build-ups.
The short-term outlook remains robust. If the Nifty moves above 18,350, it can rise to 18,600. If the index drops below 18,350, traders should exit long positions, analysts say
Based on the OI percentage, 117 stocks were on the short-covering list. These included Tata Communications, Delta Corp, Power Finance Corporation, ICICI Lombard General Insurance Company, and Atul.