Stay updated with breaking news from Trade Setup. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Based on the OI percentage, 72 stocks were on the short-covering list. These included AU Small Finance Bank, ICICI Prudential Life Insurance, Kotak Mahindra Bank, Coromandel International and Navin Fluorine International.
A short build-up was seen in 78 stocks. These included Laurus Labs, Coromandel International, REC, Bharat Electronics and Hindustan Unilever.
A long build-up was seen in 66 stocks, including Oracle Financial, Container Corporation of India, HCL Technologies, Indian Oil Corporation and Alkem Laboratories
Experts expect the Nifty at 20,000 in the coming sessions if it holds on to 19,700-19,600 but they don’t rule out some consolidation before that
Long build-up was seen in 64 stocks including Larsen & Toubro, Granules India, NTPC, Bata India, and Syngene International. An increase in open interest (OI) and price indicates a build-up of long positions.