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Till the index firmly withholds the pivotal support of 19,500, there is no sign of caution in the market. While on the higher end, 19,800-20,000 holds stiff resistance and a decisive move beyond which could trigger the next leg of rally
For the week, BSE Sensex lost 0.78 percent and NIfty50 fell 0.5 percent.
Jyothy Labs has seen robust trading volumes in two consecutive sessions, and traded way above key moving averages (20, 50 and 200-day EMA - exponential moving average).
We have seen short-covering in 81 stocks, based on the open interest percentage, including Delta Corp, Dixon Technologies, RBL Bank, Samvardhana Motherson International and PVRInox
A short build-up was seen in 57 stocks, including Container Corporation of India, Coforge, ABB India, Cummins India, and Shree Cements. An increase in OI along with a price fall indicates a build-up of short positions.