Open interest indicates that bulls are likely to dominate the following counters.In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.MCX’s stock price gained 7.88%, and open interest saw a rise of 5.89%.Aditya Birla Capital price surged by 5.62%, and open interest saw an increase of 8.97%.Bank of Baroda…
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