Interesting 1st April today as market wide shorts covered and strength is seen coming in most of the stocks with a healthy AD ratio.
Review of FNO picks.
ESCORTS
This stock was on fire today, as expected a spike in Auto related stocks Escorts was indeed a under performer for quite a few sessions and clearly showing accumulation pattern and the awaited spike came today giving 15% intra return.
Apollo tyres giving 3% intra and closing finally at 2%, OI reading intraday was a flip-flopping event first unwinding in O.I came @ 73 early morning and stock declined to 71 and OI again shot up to 60 lacs in the last 30 minutes but finally most of the contracts were unwinded at 73 again and OI finally closed at -3.8% showing lack of conviction in holding positions.
Ashok Leyland also giving 2% move after a huge buildup yesterday, seems like stock is peaked out in near term. PFC shorts didn't triggered today as it stayed up from the beginning.
Overall nice Intraday gains for today, will update market stats leter.
Hope you liked it!!!
No comments:
Post a Comment