Five stocks witnessing long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
Indian equity benchmarks Nifty50 and Sensex started today's session down by 1 per cent each. Nifty50 opened at 23,195.40 levels, while Sensex commenced at the 76,629.90 mark.
On the global front, Wall Street indices closed lower on Friday, on the other hand, Asian markets were under pressure in early trade today.
As we are in the midst of the earnings season, HCLTech, Reliance Industries, Infosys, Wipro, and Axis Bank are set to report their quarterly earnings this week. Investors will also look out for key macroeconomic indicators such as CPI and WPI inflation data, which will also be out this week.
Stocks to watch out for today are - Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, Biocon, Sunteck Realty, Signature Global, and Interarch Building Projects.
Following are the stocks where profit booking is seen taking place in the F&O segment.
|
Company Name
|
Expiry Date
|
LTP (Rs)
|
Net Change
|
% Change
|
OI Change %
|
|
KPIT Technologies Ltd
|
30 JAN'25
|
1,348.2
|
-17.5
|
-1.28%
|
-14.04%
|
|
CESC Ltd
|
30 JAN'25
|
157.43
|
-5.54
|
-3.4%
|
-12.2%
|
|
J K Cement Ltd
|
30 JAN'25
|
4,477.05
|
-35.5
|
-0.79%
|
-11.86%
|
|
Apollo Tyres Ltd
|
30 JAN'25
|
449.1
|
-13.7
|
-2.96%
|
-9.7%
|
|
NCC Ltd
|
30 JAN'25
|
245.85
|
-4.85
|
-1.93%
|
-9.35%
|
Disclaimer: The article is for informational purposes only and not investment advice.