Firstsource down 3%, sheds 12 lakh shares in OI

The market has come off the day's high. The important thing to note is put writing happening at 4,800 reports CNBC-TV18's Varinder Bansal.  As a result support is visible around 4,850. The discount is around 8-10 points with addition of 13.5 lakh shares. The turnover is decent enough at around Rs 8,500 crore on the Nifty.

Stock Specific Action:

The real estate pack - whether it's Unitech or DLF - are witnessing shorts getting built in. Unitech is down nearly 3-4% and addition of nearly 38 lakh shares in open interest.

Indiabulls Real Estate , which has hit the most in the realty pack, the stock is down nearly 5% with a build-up of 5.5 lakh shares, which is 10% on a stock like this.

Educomp is one stock, which is looking weak for the last two days; the stock was down nearly 3% yesterday even the markets were roaring and the stock is down nearly 5% with a good build-up of nearly 4.5 lakh shares which is seen on Educomp. This stock should be watched out.

The last stock is Firstsource , on news based this stock was up yesterday but today we are seeing unwinding happening in the stock. The stock is down nearly 3% with a cut of nearly 10-12 lakh shares.