Markets open 2022 with a bang as options writers take a bullish call

“The Nifty moved up along with a rising Put/Call ratio as option writers increased their bullish bets by selling Put options. We broke out of an expanding triangle pattern that formed over the last two months above 17,300 which confirms a trend reversal from down to up and indicates the potential to go to 18,500 in the coming weeks in anticipation of the Budget,” said Rohit Srivastava, Chief Strategist, India Charts.

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