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Informist, Friday, Jan. 16, 2026

By Gopika Balasubramanium

MUMBAI – Derivatives chain show the bearish sentiment in the market is expected to continue in the near term as short positions in multiple out-of-the-money call strikes were added during Friday's session. However, the Nifty 50 is expected to stay in a range, as put writers were long on the market. Investors will react to earnings of three index heavyweights Reliance Industries, HDFC Bank, and ICICI Bank, which have a total of 30% weightage in the index.

Call writing along with some put writing was seen at multiple strikes of the Nifty 50 and the quantum of call positions are still way higher than the quantum of put positions indicating continuation of negative sentiment, said Vipin Kumaar, assistant vice-president – technical and derivatives at Globe Capital Market. "Short term chart structure is negative as long as the Nifty (50) index is trading below 26000 spot levels on closing basis and higher chances of coming down to 25200 spot levels," he added.

The 25900 and 26100 call strikes of the Nifty 50 saw the highest addition of open interest, indicating that the headline index is expected to face strong resistance there. Premiums on these strike prices fell by 25-51%. Meanwhile, the 26000 strike has the highest concentration. On the other hand, investors were long in 25700 in-the-money strike put, indicating that a sharp rise is unlikely. Premiums on 25700 put fell 32%.

--Nifty 50 January closed at 25749.40, up 30.40 points; 55.05-point premium to the spot index

--Nifty 50 February closed at 25890.00, up 22.10 points; 195.65-point premium to the spot index

--Nifty 50 March closed at 26078.00, up 31.10 points; 383.65-point premium to the spot index

Infosys, Federal Bank, HDFC Bank, ICICI Bank, Reliance Industries, Vedanta, Polycab India, Eternal, Tata Consultancy Services, State Bank of India, Angel One, BSE, Punjab National Bank, Multi Commodity Exchange of India, RBL Bank, AU Small Finance Bank, ITC, Dixon Technologies, IndusInd Bank, HDFC Asset Management Co., Maruti Suzuki India, Tech Mahindra, Jio Financial Services, and Shriram Finance were the most actively traded underlying stocks Friday.  End

Edited by Ashish Shirke

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