Based on the OI percentage, 64 stocks were on the short-covering list. These included Bharti Airtel, Axis Bank, Laurus Labs, Torrent Pharmaceuticals, and Jubilant Foodworks. A decrease in OI along with a price increase is an indication of short-covering.
Based on the OI percentage, 55 stocks were on the short-covering list. These included MCX India, IDFC First Bank, Indraprastha Gas, HDFC AMC, and Indiabulls Housing Finance.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
For the next 4-5 sessions, 13,400 is an important support to keep an eye on, says Abhishek Chinchalkar of FYERS. Sunil Shankar Matkar December 16, 2020 / 07:16 AM IST
The market started off the day on a weak note but gained some strength amid consolidation in the afternoon to close flat with a positive bias on December 15.
Benchmark indices ended at fresh record closing highs. The BSE Sensex rose 9.71 points to 46,263.17, while the Nifty50 was up 9.70 points at 13,567.90 and formed a small-bodied bullish candle which resembles a Doji kind of indecisive pattern on the daily charts.