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8 stocks that can trade with a positive bias in today's trade

As the May F&O contracts are approaching to expire, traders have covered their short positions in some stocks and have also created long positions in few.

Based on the open interest data points, we believe following are the 9 stocks that could trade with a positive bias in today's trade. 

Underline OI (lakhs) % OI Chg Price % Price Chg Action
PIDILITIND 30 20.6 1155 1.2 Long Buildup
MUTHOOTFIN 25 16.8 401 0.1 Long Buildup
IDFC 1861 14.1 53 2.3 Long Buildup
CANBK 156 11.3 265 4.3 Long Buildup
JUSTDIAL 32 (29.4) 612 20.4 Short Covering
CANFINHOME 50 (12.4) 401 10.8 Short Covering
JETAIRWAYS 65 (9.4) 436 7.3 Short Covering
BERGEPAINT 23 (9.4) 302 1.7 Short Covering

 

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