Weekly F&O Expiry: Nifty could gyrate between 18,475-18,575 on Thursday

Meanwhile, the Bank Nifty may face resistance around 44,300 - 44,350 zone today.

NIFTY

Bias: Range-bound trade likely

Put-Call Ratio (PCR): 0.83

On Wednesday, as the Nifty dipped 0.5 per cent the June futures contract saw a 7.3 per cent dip in open interest (OI), indicating likely profit- taking by traders as the index had galloped over 2 per cent in the preceding four trading sessions, with a sizeable OI.

Thursday expiry: Cues from Nifty options

Ahead of today's weekly expiry, the PCR (Put-Call Ratio) for the Nifty 01-June options expiry contract stands at 0.83, indicating a fairly mixed bias among traders. The total open interest (OI) for Nifty 01-June Calls is around 24.56 lakh,