Tuesday, January 3, 2012

Todays reversal - short covering?

Below is the list of top gainers today sourced from moneycontrol.com. If one looks at the top gainers there are the scrips that possibly have the largest of short positions created and hence the development can be construed as short covering. This does not mean that these scrips can move further up sure it can but it helps to understand the market better.


Company NameLast Price% Gain
DLF191.456.84
Kotak Mahindra449.956.69
Tata Steel361.856.08
Jindal Steel486.85.7
Tata Motors193.955.44
Axis Bank837.555.38
Reliance Infra351.855.25
Larsen1,060.855.13
Tata Power92.655.1
IDFC96.54.95
BHEL248.14.88
Coal India327.24.82
SBI1,705.654.79
PNB802.14.68
Sterlite Ind94.454.65
Cairn India329.254.61
Siemens667.054.53
Wipro416.54.39
ICICI Bank725.84.2
Sesa Goa163.454.04
Bharti Airtel358.654.02
Jaiprakash Asso54.653.8
Reliance Power72.453.57
Ranbaxy Labs425.653.19
Reliance Comm74.252.98
Hindalco115.552.94
HDFC Bank439.152.88
SAIL83.752.63
Reliance724.652.56
HCL Tech403.22.44
Dr Reddys Labs1,606.052.32
HDFC665.22.28
Cipla327.952.24
Infosys2,864.301.97
ONGC263.21.88
TCS1,197.601.61
GAIL392.71.54
Grasim2,454.501.51
Maruti Suzuki952.81.48
NTPC160.351.39
HUL407.951.38
Bajaj Auto1,494.501.29
Power Grid Corp100.90.9
Sun Pharma499.450.86
ITC200.350.86
ACC1,143.700.43

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