Open interest indicates that bulls are likely to dominate the following counters.In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that 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.United Spirits stock price jumped 1.54%, and open interest saw a rise of 1.08%.Cholamandalam Investment and Finance surged by 1.51%, and open interest saw an increase of…
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