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 Wednesday, the domestic benchmark indices opened on a flat note but soon, drifted towards the negative territory. At 11.40 am, Sensex was trading at 61,638.74, down by 0.13 per cent while Nifty inched lower by 0.21 per cent at 18,379.45.

Bharti Airtel, State Bank of India, and HCL Technologies emerged as the top three gainers today, which climbed 4.08 per cent, 3.39 per cent & 2.19 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)

IRCTC

                    Oct 28

               4,642.05

                        -16.4

                     -16.08

JKCEMENT

                    Oct 28

                3,206.35

                        -3.49

                     -14.82

POLYCAB

                    Oct 28

                2,342.65

                        -1.35

                        -11.4

CROMPTON

                    Oct 28

                   460.45

                        -1.13

                        -8.72

GODREJPRO

                    Oct 28

                2,364.00

                        -1.04

                        -6.17

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