Trade setup: Will NIFTY50 close above 24,750 on Friday? check details

GIFT NIFTY futures indicate a positive opening on Friday. The options data indicates 25,000 a strong resistance level for the 09 September expiry, while 24,500 is the crucial support. The index continues to consolidate in the above-mentioned range. NIFTY50 Max call OI:25,000 Max put OI:24,500 (Ten strikes to ATM, 09 Sep expiry) NIFTY50 opened over 200 points higher on Thursday amif the GST bonanza was announced by the government. However, the index failed to hold the momentum and lost all the gains to close with only a 20-point gain. This sluggishness and pessimism surrounding Indian markets largely stemmed from concerns over 50% tariffs and persistent FII selling. Nifty50\_2025-09-05\_07-56-09.png On the technical charts, the index failed to hold above the key resistance levels of 24,500. However, the index closed above the 20 SMA levels, leaving some hope for bulls for optimism. Experts believe the index will continue to remain in a consolidation until it crosses above 25,000 on a weekly basis. On the options data front, 25,000 calls hold the highest open interest, indicating a strong resistance for the coming expiry. On the other hand, the 24,500 puts hold the highest open interest, indicating a strong support for the coming weekly expiry. nifty05sep.png Stock Scanner Long buildup: - M\&M, Bajaj Finance Short buildup: -HDFC Life, Tata Consumer Top traded futures contracts: M\&M, Bajaj Finance, HDFC Bank Top traded options contracts: SBIN 830 CE, HDFC Bank 1000 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.