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Informist, Tuesday, Jun. 10, 2025

By Anshul Choudhary

MUMBAI – Options data show Nifty 50 is likely to face selling pressure at higher levels after witnessing sharp gains in recent sessions. At the same time, hopes of better earnings growth in the second half of this financial year are likely to limit the fall in the index. The Nifty 50 is expected to move in a thin range of 25000-25200 points till Thursday's expiry, options data show. On Tuesday, the index closed at 25104.25 points, marginally higher compared with Monday.

The 50-stock index is up over 2% in five sessions and over 15% in around two months--since hitting a 52-week low of 21743.65 points in April. Expectations of a pick-up in consumption due to tax concessions, lower interest rates, and above-normal monsoon have led to gains, analysts said. However, some analysts pointed out that high stock valuations may limit further rise in the near term.

Option traders sold call options across the board after the Nifty 50 Tuesday faced selling pressure, post four days of gains. For contracts expiring this week, call options at 25200 strike prices witnessed the highest open interest addition. This level is likely to act as immediate resistance for the index. Strike prices between 25100-25500 also saw significant open interest addition.

On the put side, traders sold out-of-the-money and at-the-money options, indicating hopes of limited downside. The highest open interest addition on the put side was at 25100 strike prices. However, traders sold in-the-money put options above 25350 strike prices.

The June futures contract of the Nifty 50 closed at a premium of 45.75 points to the spot index. Open interest in the contract was down nearly 1% at 11.83 million, according to provisional data.

--Nifty 50 Jun closed at 25150.00, down 31.80 points; 45.75-point premium to the spot index

--Nifty 50 Jul closed at 25290.10, down 26.50 points; 185.85-point premium to the spot index

--Nifty 50 Aug closed at 25391.00, down 31.50 points; 286.75-point premium to the spot index

Hindustan Aeronautics, ICICI Bank, HDFC Bank, Infosys, Bharat Electronics, Tata Motors, Coforge, BSE, Adani Enterprises, Bajaj Finance, Reliance Industries, State Bank of India, Grasim Industries, Kotak Mahindra Bank, Avenue Supermarts, Tata Consultancy Services, Axis Bank, and Multi Commodity Exchange of India were the most active underlying stocks Tuesday.  End

Edited by Saji George Titus

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