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A short build-up was seen in 51 stocks, including Delta Corp, Tata Chemicals, Torrent Pharmaceuticals, AU Small Finance Bank and Colgate Palmolive. An increase in OI along with a fall in price points to a build-up of short positions
The hurdle for Nifty50 is expected to be at 19,600-19,700 area. If it gets surpassed and sustained, there is a possibility of the index breaking lower highs and lower lows formation
Based on the OI percentage, 64 stocks were on the short-covering list. These included Bharti Airtel, Axis Bank, Laurus Labs, Torrent Pharmaceuticals, and Jubilant Foodworks. A decrease in OI along with a price increase is an indication of short-covering.
A short build-up was seen in 74 stocks, including Vedanta, RBL Bank, Godrej Properties, L&T Finance Holdings, and Berger Paints. An increase in OI along with a fall in price points to a build-up of short positions
Based on the OI percentage, 86 stocks including Hindustan Copper, Apollo Tyres, NTPC, Oracle Financial and Metropolis Healthcare saw long unwinding.