Nifty’s Bearish Plunge Collides with a Major Cyclical Bottoming Signal – Bramesh’s Technical Analysis
The Nifty options market is signaling a clear victory for the bears, with a decisively negative Put-Call Ratio (PCR) of 0.83 confirming that call writers have seized control. This bearish sentiment indicates that open interest in call options substantially outweighs that of puts, creating a significant supply overhang. This reflects a market where sellers have high conviction…