NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them

Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.

Even as the markets dwindled under selling pressure in the last two trading sessions last week, select stocks continued to witness significant build-up in open interest (OI) on the long (Buy) side, data suggests.

Build-up of OI on the long side in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.

Cipla, NTPC, PFC, PowerGrid Corporation and REC were the five stocks to have witnessed a price gain backed by rise in OI in the last four trading sessions. This implies a likely build-up of long positions at these counters.