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Published 3 months ago

Nifty Put Call Ratio Indicates Bullish Trend

Summary by claytoncountyregister.com
The Nifty 50 put call ratio (PCR) closed at 1.21 for the day, suggesting a bullish sentiment in the market. A PCR above 1 is considered bullish, indicating an expectation of upward movement in the market. Looking at the options data, the 23000 strike level emerges as a significant resistance level for the Nifty in the short term, with the highest Call open interest at 1,29,830 contracts. Traders should pay close attention to this level as it cou…

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claytoncountyregister.comclaytoncountyregister.com

Nifty Put Call Ratio Indicates Bullish Trend

The Nifty 50 put call ratio (PCR) closed at 1.21 for the day, suggesting a bullish sentiment in the market. A PCR above 1 is considered bullish, indicating an expectation of upward movement in the market. Looking at the options data, the 23000 strike level emerges as a significant resistance level for the Nifty in the short term, with the highest Call open interest at 1,29,830 contracts. Traders should pay close attention to this level as it cou…

3 months ago·Elkader, United States
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