Learn how to trade Apollo Hospital and Bharti Airtel in the F&O market based on technical and derivative analysis. Apollo Hospitals shows a bearish trend while Bharti Airtel exhibits a bullish momentum.
When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
Some checks would help traders make better trading decisions as they increase the probability of a follow-up of the upward movement in the stock. First, if this fresh long build has come when the stock is close to its 52-week high, that increases the probability of the stock attempting to break its previous 52-week high.
The Nifty Bank gained 338 points to close at 47,124, while on the weekly front, the index rose 0.5%. The Nifty50 gained more than 200 points to close at 22,326 on Thursday. SBI, Bank of Baroda, PNB, and ICICI Bank were among the top gainers, while some selling was seen in IDFC First Bank, Axis Bank, and Bandhan Bank.