We have seen short-covering in 81 stocks, based on the open interest percentage, including Delta Corp, Dixon Technologies, RBL Bank, Samvardhana Motherson International and PVRInox
A short build-up was seen in 57 stocks, including Container Corporation of India, Coforge, ABB India, Cummins India, and Shree Cements. An increase in OI along with a price fall indicates a build-up of short positions.
Polycab India, Can Fin Homes, MCX India, Havells India and ITC were among the 90 stocks to see a long build-up based on the open interest percentage. An increase in open interest and price indicates a build-up of long positions
India VIX was down by 0.59% from 11.53 to 11.46 levels on Monday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones. On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.
The Nifty has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time highs of 19,525 zones, according to Chandan Taparia of Motilal Oswal. India VIX was down by 0.59% from 11.53 to 11.46 levels and volatility sunk lower while hovering near its lower band, supporting bulls near immediate support zones.