Based on the OI percentage, 72 stocks were on the short-covering list. These included AU Small Finance Bank, ICICI Prudential Life Insurance, Kotak Mahindra Bank, Coromandel International and Navin Fluorine International.
A long build-up was seen in 66 stocks, including Oracle Financial, Container Corporation of India, HCL Technologies, Indian Oil Corporation and Alkem Laboratories
For the Nifty, the short term outlook looks positive, say analysts. The index is likely to face a hurdle at 19,500 on the higher side and then at 19,650. On the lower side, support is at 19,300-19,250