Top Gainers and Losers Today : The Sensex lost 732.96 points, or -0.98, to settle at 74611.11, while the Nifty lost 172.35 points, or -0.76, to close at 22648.2.
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 has also seen an increase.
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 short build-up.