Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.
Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.
The brokerage remains positive on companies in the power segment that have a presence across the transmission space as "a strong addressable market can result in 15-20 percent growth in TD segment inflows and revenues".
The Nifty nearing resistance levels of 22,400-22,450 and VIX cooling toward 10 is not a good sign in the near term. Traders are advised to lighten their positions in the short term, analysts said