Apollo Tyres can retest Rs 79-80: Thukral

Apollo Tyres can retest Rs 79-80, says Hemant Thukral, Head - Derivatives Research, SBI Capital Securities.

Thukral told CNBc-TV18, "What we are seeing from the morning itself, there was a huge addition of open interest and the open interest went on increasing during the afternoon session also. The way the 42% OI has been added up, interestingly, the cost of carry has also moved up. So that is one criteria, which is suggesting that this long positions, aggressive long positions have been formed and yesterday