Expiry trade setup: Options data indicate a broad range of 24,500 to 25,000 for the expiry; check details

GIFT NIFTY futures indicate a 50-point gap-up opening for NIFTY50 on Tuesday. For today's expiry, the 25,000 calls hold the highest open interest, indicating strong resistance, and the 24,500 puts hold the highest open interest on the downside. NIFTY50 Max call OI:25,000 Max put OI:24,500 (Ten strikes to ATM, 09 September expiry) NIFTY50 continued its volatile momentum on Monday as it witnessed selling pressure above the 24,750 levels. Any positive cue on the trade war front fails to hold the market higher due to selling pressure. FIIs have maintained their selling stance, adding to the pressure. In addition, domestic GST 2.0 cues have fueled sector-specific rallies in the market, leaving the benchmark indices behind. On the technical front, the index formed an inverted hammer candlestick pattern, indicating a reversal to the downside. Experts believe the swing high trend line will act as a crucial resistance for the index. While on the downside, 24,500 remains the strong support level. Nifty50\_2025-09-09\_07-40-03.png On the options data front, the 25,000 calls hold the highest open interest for today’s expiry, indicating a strong resistance. On the downside, 24,500 puts hold the highest open interest, indicating support for today’s expiry. nifty09sept.png Bullish outlook Traders with bullish sentiment can execute a long call strategy by buying 24,700 calls. The strategy would turn profitable after the index moves above 24,835. Bearish outlook Traders with a bearish outlook can execute a long put strategy by buying a put strike of 24,800. The strategy would turn profitable after the index moves below the 24,756 level. To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply log in: https://pro.upstox.com/ ➡️F\&O➡️Options smartlist/Futures smartlist In Futures and Options or F\&O, long build-up means an increase in Open Interest (OI) along with a price increase, and short build-up means an increase in Open Interest(OI) along with a price decrease. Source: Upstox and NSE.