Five stocks witnessing long unwinding

Five stocks witnessing long unwinding

Ninad Ramdasi
/ Categories: Trending, Mindshare

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

The domestic benchmark indices opened in the negative territory on the fourth day of the week. At 11.05 am, both Sensex and Nifty plunged 0.80 per cent & 0.85 per cent, trading at 59,876.63 and 17,866.70 levels, respectively.

The top three gainers of today’s session include Titan, L&T, and Tata Steel, which surged 1.72 per cent, 1.36 per cent & 0.36 per cent, respectively.

Following are the stocks where profit booking is seen taking place in the F&O segment:

Symbol

Expiry date

LTP

Per cent change

OI change (per cent)

FSL

Nov 25

179

-1.00

-4.79

PERSISTENT

Nov 25

4,145

-0.66

-3.92

APOLLOTYRE

Nov 25

232.25

-0.79

-3.71

IBULHSGFIN

Nov 25

240.4

-2.38

-3.67

TORNTPOWER

Nov 25

531.5

-1.41

-3.69

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