Five stocks witnessing long unwinding
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.
On the first trading session of the week, the domestic benchmark indices opened lower amid weak global cues. At 11.01 am, both Sensex, as well as Nifty, were trading in the red zone at 57,672.85 and 17,205.80 levels, down by 0.28 per cent & 0.41 per cent, respectively.
Maruti, ICICI Bank, and IndusInd Bank emerged as the top gainers of the day, which advanced by 1.69 per cent, 0.90 per cent & 0.79 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)
|
| ADANIENT |
Feb 24 |
1,712.25 |
-1.46 |
-18.53 |
| BATAINDIA |
Feb 24 |
1,902.70 |
-0.80 |
-14.52 |
| ABFRL |
Feb 24 |
270.00 |
-0.81 |
-9.24 |
| IOC |
Feb 24 |
120.00 |
-1.07 |
-6.48 |
| APOLLOTYRE |
Feb 24 |
204.90 |
-1.30 |
-5.05 |