Share Market Update: 8 Stocks in which traders have formed bearish positions

Equity tips:-




Indian equities are expected to open lower amidst negative global cues. Tracking the global cues all the Asian indices along the US indices have witnessed a downward momentum since the start of this week, hinting a follow-up action by the Indian equities getting into today's trade. Since the beginning of the December expiry, baring few counters majority of the underline securities have witnessed short selling or long unwinding activity, indicating a negative bias for the markets. As the December contracts are approaching to expire, stock specific activity could take centre stage as selling pressure on account of fresh Short build-up and Long unwinding could escalate in today’s trade.

Tracking the open positions i.e open interest activity of the last trading session, following is the list of stocks that could trade with negative bias: 

UnderlineOI (lakhs)% OI ChgPrice% Price ChgAction
SRF827.21977(8.3)Short Buildup
PIDILITIND3718.91122(2.0)Short Buildup
CHENNPETRO1418.0279(0.5)Short Buildup
JUBLFOOD2517.51224(7.1)Short Buildup
ALBK203(9.7)46(2.0)Long Unwinding
BERGEPAINT24(9.0)324(2.0)Long Unwinding
DCBBANK46(8.4)165(0.4)Long Unwinding
CAPF50(7.5)594(0.1)Long Unwinding

Note: Open interest is the total number of outstanding contracts that are held by market participants at any point in time. It measures the total level of activity in the futures and options market. Open interest tends to act as a leading indicator of continuation or an impending change in trend.

Price and Open Interest rule is a piece of generic information and not a recommendation to buy or sell. 
PRICEOPEN INTERESTMARKET OUTLOOK
DecreaseIncreaseShort build up
DecreaseDecreaseLong Unwinding



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