As the market nears the July futures & options expiry day (July 25, 2024), here are five stocks showing high PCR (Put Call Ratio) based on the open positions.
A high PCR denotes presence of higher open positions (read OI) in the Put Strikes compared to Calls for the underlying index/ stock. In general, higher positions in Puts suggest that more traders are bearish and vice versa. However, higher OI Puts could also suggest higher Put writing at these counters, which implies a bullish scenario; as traders foresee limited downside at these counters.
In fact, the Nifty
First Published: Jul 19 2024 | 2:53 PM IST
