7 stocks that will trade with a negative bias in today's trade

Indian equities are expected to open lower amidst negative global cues. As the indices continue to remain volatile, stock-specific action will continue to remain in focus.

Baring few counters, the majority of the underline securities have witnessed short selling or long unwinding, indicating a negative bias for the markets. As all the Asian indices post deep cuts & with SGX Nifty trading 0.45% lower, a sharp decline in the stock price could be expected as fresh short selling could weigh in.

Tracking the derivative data points, following is the list of stocks that will remain under selling pressure in today's trade:

Underline	OI (lakhs)	% OI Chg	Price	% Price Chg	Action
IGL	93	11.3	253	(2.8)	Short Buildup
SHREECEM	1	11.2	15742	(2.8)	Short Buildup
BANKINDIA	305	8.3	95	(2.8)	Short Buildup
AJANTPHARM	13	7.4	1069	(2.4)	Short Buildup
MRPL	144	(7.2)	84	(3.9)	Long Unwinding
APOLLOHOSP	9	(7.1)	1053	(0.3)	Long Unwinding
PAGEIND	1	(6.8)	26374	(2.1)	Long Unwinding

Price and Open Interest general rule:

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

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