Weekly options data hint at Nifty breaching 11,200

Apart from buying a provisional 704 crore shares, FIIs net purchased 22,560 index futures contracts Tuesday, up from 3,370 contracts a day earlier. Option sellers in Nifty covered shorts big time, resulting in the weekly Nifty open interest put-call ratio rising to 1.09 from 0.6 on Monday.

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