Based on the open interest future percentage, a short build-up was seen in 70 stocks including Bajaj Auto, Delta Corp, Aarti Industries, Oberoi Realty, and Gujarat State Petronet.
As per the pivot charts, the key support level for the Nifty is placed at 16,507, followed by 16,430. If the index moves up, the key resistance levels to watch out for are 16,676 and 16,768.
Based on the open interest future percentage, a long build-up was seen in 113 stocks including ABB India, Astral, Honeywell Automation, Dixon Technologies, and ONGC.
Based on the open interest future percentage, here are the 101 stocks including Nifty Financial, Chambal Fertilizers, ABB India, Ramco Cements, and Metropolis Healthcare, in which a long build-up was seen.
Based on the open interest future percentage, here are the 155 stocks including Nifty Financial, Zydus Life, GNFC, PFC, and Tata Communications, in which short-covering was seen.
Based on the open interest future percentage, short-covering was seen in 94 stocks including Apollo Hospitals Enterprises, Intellect Design Arena, Coal India, Gujarat State Petronet, and Dixon Technologies
Based on the open interest future percentage, there were 72 stocks including Bank Nifty, GNFC, Apollo Tyres, Balkrishna Industries, and Escorts, in which short-covering was seen.
Based on the open interest future percentage, here are the 59 stocks including GNFC, Honeywell Automation, SBI, NTPC, and Indus Towers, in which a short build-up was seen.
Based on the open interest future percentage, here are the 86 stocks including Voltas, ABB India, Polycab India, Birlasoft, and Dixon Technologies, in which long unwinding was seen.
"The short-term trend of the Nifty continues to be negative; however, Wednesday's sharp upside recovery could some bring hopes for bulls," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
Based on the open interest future percentage, a short build-up was seen in 98 stocks including Alkem Laboratories, Voltas, SRF, Dixon Technologies, and Tata Steel
Based on the open interest future percentage, a short build-up was seen in 90 stocks including Navin Fluorine International, SRF, Container Corporation of India, Motherson Sumi Systems, and L&T Infotech.
Based on the open interest future percentage, a short build-up was seen in 99 stocks including Torrent Power, Federal Bank, Astral, Canara Bank, and TVS Motor Company
Currently, the index is close to the 61.8 percent Fibonacci retracement level (15,671-18,114), and the 16,600 level would be critical. A break below 16,600 can drag the index lower towards 16,450 followed by 16,200 levels, says Malay Thakkar, Technical Research Associate at GEPL Capital.
Based on the open interest future percentage, short build-up was seen in 99 stocks including Nifty50, IndiaMART InterMESH, Voltas, Bank Nifty, and Firstsource Solutions
Based on the open interest future percentage, short-covering was seen in 30 stocks including HPCL, Petronet LNG, Laurus Labs, Tata Power Company, and Whirlpool of India.
If the Nifty trades below 17,050 for even 30 minutes on May 2, it can revisit the recent corrective swing low of 16,800 levels, Mazhar Mohammad of Chartviewindia has said
Based on the open interest future percentage, long unwinding was seen in 100 stocks including Pfizer, Navin Fluorine International, United Breweries, Cholamandalam Investment and ONGC
Foreign institutional investors net sold shares worth Rs 1,174.05 crore, while domestic institutional investors net bought shares worth Rs 1,643.84 crore on April 26, as per provisional data available on the NSE.
Based on the open interest future percentage, here are the 105 stocks including JK Cement, Nippon Life India Asset Management, United Breweries, Cummins India, and Atul, in which a short build-up was seen.
It is critical that the Nifty sustains above 17,149, as a failure to do so can initially extend the weakness to 16,978, experts say
Based on the open interest future percentage, here are the 118 stocks including L&T Finance Holdings, GNFC, RBL Bank, Coromandel International, and Coal India, in which a long build-up was seen.
Based on the open interest future percentage, a long unwinding was seen in 112 stocks including Jubilant Foodworks, Pfizer, Tata Power, Alkem Laboratories, and Syngene International.
Based on the open interest future percentage, a short build-up was seen in 57 stocks, including Bank Nifty, Persistent Systems, L&T Technology Services, HDFC Bank, and IndiaMART InterMESH
Based on the open interest future percentage, here are the 66 stocks including Intellect Design Arena, Persistent Systems, Hindalco Industries, United Breweries, and Infosys, in which a short build-up was seen.