Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Rising put-call ratio, falling volatility supporting the bulls. Rising Nifty Put-Call ratio brings solace for bulls: No big fall likely. Put call ratio near highest level in a year. Choose your reason below and click on the Report button. This will alert our moderators to take action.
Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Technicals Technical Chart Visualize Screener. NIFTY 50 10, Drag according to your convenience. On Thursday, the market fell 8. The PCR expresses the number of outstanding put to call options on Nifty. A ratio higher than one means people are buying more put options bearish positions than call options bullish positions to hedge their portfolios or to simply bet on a market correction.
But, the PCR is also a contrarian indicator as put option sellers sell puts in the belief that the market would stay flat or rise, enabling them to pocket the premium paid by buyers. It pared its gains to close up 0. Options data shows that is stiff resistance for the market while is a strong support. As of Thursday the trading range depicted by options was for July.
However, whatever the short term pauses and corrections, analysts believe the market's still in a long term uptrend. Read more on sharp. Anna announces protest against Centre in March Aadhaar linking deadlines for these 6 services.
The day that changed Indian politics. Watching for a turn toward hawkish. My Saved Articles Sign in Sign up. Find this comment offensive?
This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed.More...