Witnessing decrease in open interest and increase in share price Indian Bank & PVR Ltd have faced short covering position in Friday’s intraday trade.
Meanwhile, Balkrishna Industries, DLF and InterGlobe Aviation have witnessed long unwinding position in Friday’s trade indicating an expectation from derivative segment for the stocks to go down further.
Balkrishna Industries traded on a fresh 52-week high of Rs 1611.95 per share on NSE on Friday’s trade.
However, sectoral indices on NSE are trading in bullish mood excluding NIFTY PSU Bank index slipping over 1.35 points or 0.04% at 3517.40 level.
The updates regarding the stocks which are performing weak are very important for traders, so that they will not invest the amount on them.Stock market advisory
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