5 stocks that can trade with a negative bias in today's trade

Indian equities are expected to open lower amidst negative global cues. As the benchmark index faces strong resistance at higher levels, we expect continued selling pressure for the index at higher levels. 

The stock-specific activity could take centre stage in today's trade as equities will continue to remain volatile. Following is the list of stocks likely to remain in action backed by the maximum change in their open positions in yesterdays trade.

Underline	OI (lakhs)	% OI Chg	Price	% Price Chg	Action
SRF	12	17.0	1665	(0.6)	Short Buildup
MOTHERSUMI	174	11.9	288	(5.2)	Short Buildup
BPCL	149	11.5	412	(3.3)	Short Buildup
SOUTHBANK	1895	11.2	23	(1.3)	Short Buildup
OFSS	1	(8.1)	4029	(1.2)	Long Unwinding

Note: Open interest is the total number of outstanding contracts that are held by market participants at any point in time. It measures the total level of activity in futures and options market. Open interest tends to act as a leading indicator of continuation or an impending change in trend.

Price and Open Interest general rule:

PRICE	OPEN INTEREST	MARKET OUTLOOK
Decrease	Increase	Short build up
Decrease	Decrease	Long Unwinding

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