Abhijit Chokshi from Stockifi.in recommends Aarti Pharmaceuticals in midcaps for caffeine APIs. Also bullish on PSU banks like SBI, PNB, rural plays like Dabur, and sectors like power, ports, and shipping.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter also increases.
Since it is the beginning of the new series, options data is scattered at various far strikes. On the weekly options front, the maximum Call OI is placed at 22900 and then towards 22600 strikes.