Analysts expect short-covering in Nifty; FIIs trim Bank Nifty bearish bets

Quick Summary:

F&O cues for Oct 25: The PCR data suggests 'max pain' for Nifty at 24,450 and for Bank Nifty at 51,700, said Dhupesh Dhameja of SAMCO Securities.

Increased call writing at 24,500-25,000 reflects sellers adjusting to lower levels, while put unwinding suggests weakening confidence among buyers, said Dhupesh Dhameja, Technical Analyst at SAMCO Securities.

In the Nifty options market, rising caution is evident, with aggressive call writing (Bear activity) outpacing put activity, underscoring a shift toward bearish sentiment.

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Category: BusinessFinance

Markets: India

Topics: Long short positions Bank nifty futures Market news Trading strategies Nifty futures Derivatives market Nifty 50 today

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Published On: 2024-10-25 @ 09:25:48 (3 days ago)

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News Source URL: business-standard.com

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