Hi,
Last day of expiry date of March and PCR looks quite interesting. Let's see who gonna win BULLS or BEARS. Today's PCR indicates market is in bears favor.
Look at below snap of CPR by strike wise.
call ITM strikes (4600 and 4700) has seen huge unwinding of OI positions - when you are sure market gonna rally then why would you unwind OI of call? only when you are not confident about the current rally as they expect the market will fall thus eroding their gains. PCR indicate lack of confidence in the market and its current direction. Let's see where operator put market on expiry day.
Good Luck!
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