Overall, the bulls are likely to maintain their strong hold over Dalal Street though there may be volatility and consolidation due to the monthly expiry of February futures & options contracts scheduled on February 29.
A short build-up was seen in 54 stocks including Balrampur Chini Mills, Hero MotoCorp, Coromandel International, Cholamandalam Investment & Finance, and Birlasoft
Based on the OI percentage, 44 stocks were on the short-covering list. This included Chambal Fertilisers & Chemicals, HDFC Life Insurance Company, Pidilite Industries, Dr Reddy s Laboratories, and ICICI Lombard General Insurance Company.