A sudden surge in Nifty put-call ratio hints at an overbought market

A rapid surge in the Nifty options Put-Call ratio — a sentiment indicator — is showing signs that the rally in the Indian stock market may be overbought in the near-term. As the Nifty and Sensex hit fresh records on Friday, the number of Nifty put options to calls was at 1.73.

via Economictimes

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