Hot Stocks | Here's why Tata Consumer, AIA Engineering, Vedanta can give up to 15% return in short-term

Indian market continued witnessing selling pressure on May 12, taking cues from weak global markets as growing worries over the second wave of coronavirus infections hurt investors' sentiments.

However, some lower-level buying was seen in the latter part of the day on the back of expectations of the stimulus package from the government.

On the derivatives front, Call writers were seen shifting to the lower band which points towards a limited upside in Nifty.

The maximum open interest in Calls is placed at 9,500 strike while 9,000 strike holds the maximum open interest in Puts.

In the coming session, we expect the market to remain volatile and at the current juncture, traders should remain focused on stock-specific moves and are advised to trade cautiously, tracking global markets.