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Informist, Wednesday, Jan. 7, 2026

By Gopika Balasubramanium

MUMBAI – Options chain mirrored bearish trend in the market, with trader adding short positions. Premiums in the out-of-the-money call contracts declined while traders were long on out-of-the-money put, indicating that the Nifty 50 could likely fall, but the descent may not be deep.

The Nifty 50 fell 37.95 points or 0.1% to settle at 26140.75 points Wednesday. The 50-stock index has closed down for three sessions in a row. "Call writing was seen at multiple strikes, put call ratio is 0.75 showing negative sentiments," said Vipin Kumaar, technical and derivative analyst at Globe Capital Market. Immediate support for the Nifty 50 during the coming sessions is seen around 26000 points and resistance 26270 points.

In the call side, the maximum concentration and addition were at out-of-the-money 26200 strike. While, the highest concentration for put options was at seen at 26100 strike and the most addition of contracts was at out-of-the-money 25500 strike. 

Derivatives chain suggest that traders have added short positions across board in call side. Premiums at out-of-the-money strikes between 26200 and 26400 declined 32-44%. Short positions were added at 26100 call strike as well. Meanwhile, traders bought out-of-the-money 26050-26100 puts. Traders went long on 25500-26000 put strikes, indicating that the Nifty 50 may not fall sharply. 

--Nifty 50 January closed at 26237.90, down 47.20 points; 97.15-point premium to the spot index

--Nifty 50 February closed at 26383.00, down 44.70 points; 242.25-point premium to the spot index

--Nifty 50 March closed at 26570.00, down 40.50 points; 429.25-point premium to the spot index

HDFC Bank, ICICI Bank, Reliance Industries, Titan, ITC, Maruti Suzuki India, Indian Energy Exchange, Tata Elxsi, State Bank of India, Dixon Technologies (India), National Aluminium Co., Multi Commodity Exchange of India, Infosys, Jio Financial Services, Sun Pharmaceutical Industries, Cipla, Tata Consultancy Services, Eternal, and Hindalco Industries were the most actively traded underlying stocks. End

Edited by Akul Nishant Akhoury

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