Based on the open interest future percentage, a short build-up was seen in 93 stocks including Nifty Financial, Dalmia Bharat, Delta Corp, Gujarat Gas, and ACC
Of total 165 stocks that hit 52-week highs, top 46 were at record highs, including Adani Power and Sunflag Iron & Steel, which were the only stocks from 'A' group
Despite the negative sentiment, a total of 173 stocks hit their respective 52-week highs, of which the top 60 stocks touched record highs. This included nine stocks from the 'A' group.
Read more about Stocks to Watch: Reliance, ITC, Paytm, BoB, FMCG, pharma, airline stocks on Business Standard. FMCG stocks are likely to be in focus on the back of price hike announced, while airline shares too may be on investor's radar following the fresh world-wide Coivd-19 scare
The next lower targets to be watched for Nifty around 16,500 levels in the next couple of weeks. Any pullback rally from here could find strong resistance around 17,200 levels, says Nagaraj Shetti of HDFC Securities.