​ITC among 13 stocks seeing a short build-up in the Nifty pack​

Roshni Agarwal, ETMarkets.com

Apr 3, 2023

​​What is short build-up pattern?

Securities or stocks witness a short build-up when traders anticipate a decrease in the price of the underlying stock or security and take short positions. So, here are NSE stocks (m-cap above Rs 2 lakh crore) with rising open interest in the F&O market compared to the previous day and their underlying security’s price is trading lower than the previous day. (Source: Trendlyne).​

Image Source: iStock

​​How is it meaningful for traders?

​The process helps signal the trend reversal or market trends.​

Image Source: iStock

​​TCS

Closing price as on April 3: Rs 3,200 | F&O total Open Interest: 16,091,775​

Image Source: iStock

​​HUL

​Closing price as on April 3: Rs 2,536.1| F&O total Open Interest: 10,334,700​

Image Source: iStock

​​Infosys

Closing price as on April 3: Rs 1,410.85 | F&O total Open Interest: 48,261,600​

Image Source: iStock

​​ITC

Closing price as on April 3: Rs 378.9 | F&O total Open Interest: 103,160,000​

Image Source: iStock

​​Sun Pharmaceuticals

Closing price as on April 3: Rs 979.05 | F&O total Open Interest: 22,040,200​

Image Source: iStock

Other Nifty stocks witnessing short build-up

JSW Steel, Power Grid, Tata Steel, Grasim, Hindalco, Cipla, BPCL and Apollo Hospitals​

Image Source: iStock

Thanks For Reading!

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