Four stocks drew attention in StockEdge’s futures and options scan on October 22, after open interest in their futures contracts climbed by more than 9% compared with the previous session.
The stocks flagged were Swiggy, Siemens Energy India, Nippon Life India Asset Management and KPIT Technologies.
Open interest measures the total number of futures contracts that remain open and have not yet been settled or closed out. When it rises, it generally means traders are opening new positions rather than just closing old ones. A jump of more than 9% in a single session therefore suggests fresh activity building up around a stock.
An increase in open interest does not, on its own, show which way traders are betting. New positions can be bullish or bearish, so the figure is usually read alongside price movement and trading volumes to get a sense of market sentiment.
Swiggy was the name placed first in the scan, making it the most prominent of the four. The other three stocks span different parts of the market. Siemens Energy India operates in the energy sector, Nippon Life India Asset Management is an asset manager, and KPIT Technologies is a technology company.
Scans like this one are watched by active traders who want to spot where new money is flowing in the derivatives market. A sharp build-up in open interest can sometimes come before larger moves in a stock, though it does not guarantee one.
Investors tracking these four stocks may want to follow how their prices and open interest behave in the coming sessions. If open interest keeps climbing along with rising prices, that could point to strengthening conviction among buyers. If it climbs while prices fall, it may instead reflect growing bearish positioning.
For now, the scan simply highlights that derivatives traders showed increased interest in Swiggy, Siemens Energy India, Nippon Life India Asset Management and KPIT Technologies on October 22.