The Adani Group received a shot in the arm following a Bloomberg report that quoted an unnamed of the US International Development Finance Corporation (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding of $553 for the Group s port business in Sri Lanka.
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.
On the weekly options front, the maximum Call OI is placed at 21000 and then towards 20900 strikes while the maximum Put OI is placed at 20700 and then towards 20500 strikes.
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.