Pcr 55% is bearish. If call open interest has increased drastically on higher side 1000/1100/1200, means call writers are actively giving good rates to participants to enter in call side to eat up premiums. Just given these 2 points, this should break down? Maybe .. 🤷♂️
srikartiram
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@GautamH PCR above 1 is bearish it is 0.55, I’m seeing good RSI bullish divergence near support area. Despite the facts it is a good risk reward almost 1:3 supporting analyse.