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What is the story about?
The benchmark Nifty index snapped its four-day losing streak in the session on Friday (December 19), forming a higher high and a higher low on the charts. The index also managed to trade above its 20-day moving average (DMA), while the Nifty Bank index was seen hovering around its 20-DMA.
In the derivatives segment, the put-call ratio (PCR) for Nifty stood at 1.16.
Meanwhile, the 26,000 call option saw heightened activity, with its premium rising by over 50% to ₹65. An increase in open interest (OI) in a call option at a higher strike price is seen as reflecting a bullish mood in the market.
In the derivatives segment, the put-call ratio (PCR) for Nifty stood at 1.16.
Meanwhile, the 26,000 call option saw heightened activity, with its premium rising by over 50% to ₹65. An increase in open interest (OI) in a call option at a higher strike price is seen as reflecting a bullish mood in the market.
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