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.
Brokerage house InCred Equities sees FY24 Nifty target at 21,103 and maintains an ‘overweight’ stance. Meanwhile, it recommends booking profits after a 20.8 percent return from the Nifty Infrastructure index in the last six months.
Tata Technologies IPO to open in Top News on November 22: Flair Writing IPO, Fedbank Financial Services IPO to open, Stock market, Nifty outlook, Mamaearth owner Honasa Consumer Q2 Results in focus.