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.
The domestic benchmark indices opened in the negative territory on the second trading session of the week and even at 11.03 am, both were spotted in the red zone. While Sensex inched lower by 0.71 per cent and was seen trading at 57,868.94 levels, Nifty decreased 0.73 per cent to be at 17,240.60 levels.
Power Grid Corporation, Hindustan Unilever, and Dr Reddy's Laboratories emerged as the top three gainers today, which surged 2.15 per cent, 0.46 per cent & 0.37 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)
|
| NMDC |
Dec 30 |
138.7 |
-6.5 |
-2.43 |
| FSL |
Dec 30 |
170.8 |
-3.06 |
-1.96 |
| TORNTPOWER |
Dec 30 |
577.35 |
-0.28 |
-1.81 |
| ALKEM |
Dec 30 |
3,447.25 |
-0.02 |
-1.16 |
| JSWSTEEL |
Dec 30 |
666.15 |
-1.19 |
-0.74 |