Based on the OI percentage, 132 stocks were on the short-covering list that included Hindustan Copper, Voltas, Bharti Airtel, Muthoot Finance, and Eicher Motors.
Based on the OI percentage, a total of 60 stocks were on the short-covering list. These included Godrej Properties, Eicher Motors, Bharat Forge, Balkrishna Industries, and Divis Laboratories.
In terms of levels, immediate resistance for Nifty 50 is notable at 22,800, a significant level on higher time frames, with further resistance observed at 23,170 and 23,400.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.