Trade setup for Thursday: 15 things to know before opening bell
A long build-up was seen in 60 stocks, which included Zee Entertainment Enterprises, JK Cement, Vedanta, Polycab India, and IRCTC.
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A long build-up was seen in 60 stocks, which included Zee Entertainment Enterprises, JK Cement, Vedanta, Polycab India, and IRCTC.
Based on the OI percentage, 58 stocks were on the short-covering list. This included Birlasoft, Bandhan Bank, Hindustan Copper, Chambal Fertilisers & Chemicals, and Adani Ports.
The consumer discretionary and growth/tech sectors are the typically the first ones to take a beating when markets start pulling back. With this view in mind, Nishant is looking to put on a bearish options trade on Domino's Pizza.
A short build-up was seen in 87 stocks, including Navin Fluorine International, Hindustan Copper, Bandhan Bank, Polycab India, and Federal Bank
Based on the OI percentage, 65 stocks saw long unwinding, including GNFC, Chambal Fertilisers and Chemicals, Oberoi Realty, Gujarat Gas, and India Cements.