Top open interest gainers to watch out for on Friday

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Top open interest gainers to watch out for on Friday

Sensex and Nifty tumbled on Thursday; however, a few F&O counters saw long positions being built with sizable open interest.

Sensex and Nifty tumbled on Thursday; however, a few F&O counters saw long positions being built with sizable open interest. Usually, price gains in the underlying along with the increase in open interest are considered bullish. At the same time, falling prices with shedding in open interest can be considered bearish. 

Following are the F&O counters (in no particular order), which saw a steady rise in the open interest with price gains on Thursday's trading session, that the traders and investors need to watch out for on Friday:-

1 Ashok Leyland 
2 Sriram Transport Finance
3 Petronet LNG 
4 MGL
5 NTPC 
6 AXIS Bank 
7 Tata Steel
8 Ambuja Cements 
9 Torrent Power 
10 Tata Motors