SHARE MARKET TIPS,
STOCK TIPS,
NSE BSE TIPS
Indian equities are expected to open lower amidst negative global cues. As the indices are trading around their resistance levels, many stocks have witnessed a congestion, leading to a formation of bearish positions in their future contract. As the stock specific action will continue to remain in focus in today's trade, we believe following stocks will continue to trade with a negative bias backed by the formation of fresh short positions and unwinding of long positions in yesterday's trade.
Note: Open interest is the total number of outstanding contracts that are held by market participants at any point in time. It can be used to gauge & identify an intermediate trend of underline securities in future and options market.
Price and Open Interest general rule:
STOCK TIPS,
NSE BSE TIPS
Indian equities are expected to open lower amidst negative global cues. As the indices are trading around their resistance levels, many stocks have witnessed a congestion, leading to a formation of bearish positions in their future contract. As the stock specific action will continue to remain in focus in today's trade, we believe following stocks will continue to trade with a negative bias backed by the formation of fresh short positions and unwinding of long positions in yesterday's trade.
| Underline | OI (lakhs) | % OI Chg | Price | % Price Chg | Action |
| JETAIRWAYS | 69 | 20.8 | 273 | (10.3) | Short Buildup |
| KPIT | 66 | 14.0 | 289 | (1.7) | Short Buildup |
| GAIL | 169 | 13.6 | 362 | (3.7) | Short Buildup |
| PCJEWELLER | 98 | (16.6) | 101 | (0.5) | Long Unwinding |
| HINDALCO | 420 | (6.9) | 223 | (2.4) | Long Unwinding |
| OFSS | 1 | (6.0) | 3911 | (1.0) | Long Unwinding |
Note: Open interest is the total number of outstanding contracts that are held by market participants at any point in time. It can be used to gauge & identify an intermediate trend of underline securities in future and options market.
Price and Open Interest general rule:
| PRICE | OPEN INTEREST | MARKET OUTLOOK |
| Decrease | Increase | Short build up |
| Decrease | Decrease | Long Unwinding |
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