Five stocks witnessing long unwinding

Vardan Pandhare
/ 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 last trading session of the week, domestic equity bourses Sensex and Nifty50 are trading flat. In developing news, economic data from the US did not support the hopes that the Fed may lower the pace of rate hikes. All eyes are now on several corporates that are due to report their Quarterly Results which include Titan, TVS Motor, Britannia, Marico, Cipla and Tatva Chintan. 

In the afternoon trade, Sensex is trading lower by 106 points or 0.18 per cent at the 60,728.22 level, while Nifty is down 3.75 points or 0.030 per cent at the 18,048.65 level. 

Following are the stocks where profit booking is seen taking place in the F&O segment:

Company Name Expiry Date LTP  Net Change % Change OI Change % 
Mahindra & Mahindra Financial Services Limited 24 NOV'22 216.35 -2.95 -1.35% -9.98%
HCLTech 24 NOV'22 1040.6 -8.2 -0.78% -2.12%
LIC Housing Finance Limited 24 NOV'22 352.35 -9.55 -2.64% -1.82%
IDFC First Bank 24 NOV'22 57.1 -0.2 -0.35% -1.61%
Whirlpool  24 NOV'22 1525.5 -2.05 -0.13% -1.58%


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