Quite a few scrips have recorded ulta badla on account of dividends and as a result of entering into the no-delivery period. However, it is clear that short positions are not significant and the markets are still long, says Rajiv Goel. Net outstandings have come to a record low of Rs 2458 crore on the back of long positions of Rs 2590 crore and short positions of Rs 204 crore.
Several scrips are in the no-deliver period and as a result, out of badla statistics.
The sentiment rules quite low at present owing to global turmoil and badla charts may not be representative of the technical position of the market. Quite a few scrips have recorded ulta badla on account of dividend and as a result of entering into the no-delivery period. However, it is clear that short positions are not significant and the market is still long. Redemption pressure on the mutual funds is over and corporates are expected to pour back the moneys as it comes in with lower NAVs as well. FIIs have been buyers in all counters, especially technology stocks.