Nifty Futures See Short Build-Up Amid Bearish F&O Data
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BTCCSquare news:
Nifty 50 futures dropped 1.3% last week as open interest surged from 74 lakh to 169 lakh contracts, signaling fresh short positions. The Put Call Ratio of 0.60 reflects heavy call option selling—a bearish bet. Yet technical support at 24,600 remains a critical floor.
Traders holding long positions from 24,700 should maintain stops at 24,500. A rebound could target 25,200, with 25,370 as resistance. Conversely, a breakdown below 24,600 risks a slide to 24,200. Market sentiment hangs on this pivot.
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