Weekly Expiry: Will Nifty hold 18,200 level at close today?

The weekly options data suggests that the Nifty may see limited upside on Thursday with resistance likely around 18,250 - 18,275 range.

NIFTY 

Bias: May see limited upside
Put-Call Ratio (PCR): 0.63

The Nifty 50 weekly contracts are entering the expiry day (Thursday) on a nervous note given the back-to-back losses in the last two trading sessions. 

The NSE Nifty 50 benchmark index slipped 1.2 per cent in the last two days, whereas the overall open interest (OI) in the May futures contract declined by nearly 10 per cent. This indicates, likely unwinding of long positions on the Nifty May futures.

WEEKLY OPTIONS DATA

The Nifty weekly options OI PCR (Put-Call Ratio) stands at 0.63, indicating higher open positions in Calls versus Puts.