Watch for these five stocks for their futures build-up

Amid the rally in mid- and small-cap space, a clutch of stock futures have seen aggressive build-up of positions. Some of them are Pidilite Industries, Engineers India, Sun TV Network, Mahindra & Mahindra Financial Services, and KPIT Technologies, which have seen a sizeable creation of open interest. For instance, open interest (OI) in KPIT, Pidilite, Engineers India have doubled in the last one month, suggesting traders expect a sharp move in the near-term. Barring KPIT, positions in the other four stock futures are bullish. ET spoke to analysts on the near-term outlook.