Weekly F&O Expiry: Traders expect Nifty to hold 18,800, shows option data

Meanwhile, the Bank Nifty seems broadly trapped in the 43,500 - 44,000 range, say analyst.

NIFTY

Bias: Positive

Put-Call Ratio (PCR): 1.1

Support: 18,780

Resistance: 18,930

Since the start of the week, the NSE Nifty 50 has been within a striking distance of its record peak at 18,887.60. The feat has, however, eluded traders so far even as the Sensex notched a fresh summit in trades on Wednesday.

Meanwhile, based on the Nifty options open interest (OI) for the weekly expiry, the bulls seem confident of a new peak being registered sooner rather than later. The PCR (Put Call Ratio) for today's (weekly Thursday) expiry stands at 1.1; indicating presence of higher OI in Nifty Puts when compared with Calls.

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