DSIJ Mindshare

Five stocks witnessing long unwinding
Avalokita Pandey
/ Categories: Trending, Mindshare

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
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