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Infosys, HCL Tech among 5 stocks with long buildup

Long Buildup

A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Friday’s trading session, five stocks witnessed fresh long positions. Here’s the list:

HCL Tech

OI change on January 10: 3.27%

Change in stock price: 0.3%

Mphasis

OI change on January 10: 2.4%

Change in stock price: 1.05%

Persistent Systems

OI change on January 10: 2.09%

Change in stock price: 0.59%

Infosys

OI change on January 10: 0.99%

Change in stock price: 0.96%

Tech Mahindra

OI change on January 10: 0.68%

Change in stock price: 1.87%

The article originally appeared on The Economic times.

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