Put Call Ratio News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nifty 50 fell 1.9% last week, with June futures down 1.8% after peaking at 23,271.25. Despite a drop in Open Interest (OI), key support at 22,600-22,650 suggests a possible rebound to 23,000-23,250. A fall below 22,600 could extend to 22,400 or 22,180. For trades, buy Nifty futures at dips to 22,800, with a stop-loss at 22,550 and target of 23,250. Bank Nifty ended flat but is bullish above 48,900, potentially rising to 50,000-50,500.

Given that the VIX is above 21 and the Put-Call Ratio (PCR) for NIFTY is over 1.35, it is advisable for traders to start booking profits and avoid this final segment of the election rally.

With Ethereum (ETH) down over 4%, approximately 350,000 ETH options are set to expire Today, Friday, May 24.

The immediate resistance for Bank Nifty is at 48,300, above which momentum will pick up towards 48,600/48,900. On the downside, supports are at 47,740 and 47,400 for the week.

Nifty 50 and Bank Nifty witnessed a positive rebound last week, with bullish trends indicated by increased open interest and PCR levels, suggesting long build-up; recommended strategy involves buying Nifty futures at 22,540 and Bank Nifty futures at 48,280, with stop-loss and profit booking levels outlined accordingly, or alternatively, considering call options.