Based on the OI percentage, 71 stocks were on the short-covering list. These included IRCTC, Abbott India, Aarti Industries, Divis Laboratories, and Balrampur Chini Mills.
Based on the OI percentage, 50 stocks, including Alkem Laboratories, Intellect Design Arena, InterGlobe Aviation, L&T Finance Holdings and Balrampur Chini Mills saw long unwinding.
The short-term trend for Nifty is likely to remain choppy. The index may get support at 18,100 followed by 18,063 and 18,003. If the index advances, 18,221 will be the key resistance followed by 18,258 and 18,318
Momentum indicators RSI (relative strength index) at 71 levels on the daily charts, and MACD (moving average convergence divergence) maintaining positive crossover above equilibrium line on the weekly scale showed bullish trend.