Trade setup for Sept 8: NIFTY50 continues to trade in the range of 24,500 to 24,700; check details

GIFT NIFTY futures indicate a 50-point gap-up opening for Indian markets on Monday, 08 September 2025. The NIFTY50 index continues to consolidate in a narrow range of 24,500 to 24,700 and a broad range of 24,500 to 25,000. Options data indicate strong support and resistance of 24,500 and 25,000 for tomorrow's expiry. NIFTY50 Max call OI:25,000 Max put OI:24,500 (Ten strikes to ATM, 09 Aug expiry) NIFTY50 continues to remain range-bound with high volatility. The index has consolidated in a broad range of 24,500 to 25,000, indicating the absence of a clear direction for the index. The GIFT NIFTY futures indicate a 50-point gap-up opening for the markets on Monday. Market participants are optimistic about the India-US trade deal after the positive comments on the social media platform X by Prime Minister Narendra Modi on US President Donald Trump. On the technical charts, the index has formed a lower high candlestick pattern, indicating increasing selling pressure on every upside. In addition, the index has maintained the crucial swing low support trend line of 24,480 to 24,500. Experts believe that with India Vix trading at multi-year lows, the major move on the either side remains capped. Nifty50\_2025-09-08\_08-05-29.png On the options data front, the 25,000 calls hold the highest open interest on the upside, indicating a strong resistance for tomorrow’s expiry. Similarly, the 24,500 puts hold the highest open interest on the downside, indicating strong support for the expiry. nifty08sep.png Stock Scanner Long buildup: - M\&M, Bajaj Finance Short buildup: -ITC, TCS Top traded futures contracts: M\&M, Infy, BSE Top traded options contracts: Infy 1540 CE, F\&O securities under ban: RBL Bank F\&O securities out of the ban: NIL 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. Disclaimer: Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop losses. The information is only for consumption by the client, and such material should not be redistributed. We do not recommend any particular stock, securities or strategies for trading. The securities quoted are exemplary and are not recommended. The stock names mentioned in this article are purely for showing how to do analysis.