More Stories

Informist, Wednesday, Jun. 11, 2025

By Anshul Choudhary

MUMBAI – Traders cut their short positions in the derivatives market after the Nifty 50 rose for the sixth straight session and closed above its support of 25000 points. However, traders are likely anticipating profit booking in the coming sessions with the index likely to face selling pressure around 25200-25250 points.

The Nifty 50 has gained 2.4% in six sessions to end at 25141.50 points on Wednesday. Any profit booking is likely to last for a small period and index is expected to move higher, technical analysts said. "Index (Nifty 50) is seen sustaining above the upper band of the last three weeks consolidation range 24400-25100," said Bajaj Broking Research in a note. The brokerage expects the Nifty 50 to move towards 25300-25500 levels in the coming weeks.

For option contracts expiring Thursday, traders covered their short positions, buying in-the-money call options below 25100 strike prices. They also sold put options across the board with the highest open interest seen at 25000-25200 puts. These levels are likely to act as immediate support for the Nifty 50, underlining hope that any fall in the market may be minor.

Traders sold out-of-the-money call options above 25150 strike prices, highlighting expectations of profit booking at higher levels. Significant open interest addition was seen at 25200-25700 calls, while premiums fell. Some analysts are concerned that returns from here will be muted. HSBC pointed out in a report that the recovery in earnings growth is likely to take a few quarters and downgrade risks are still present as urban consumption is still weak and capital expenditure by private companies is yet to pick up.

The June futures contract of the Nifty 50 closed at a premium of 62.60 points to the spot index on Wednesday. Open interest in the contract rose 1.3% at 11.64 million, according to provisional data. 

--Nifty 50 Jun closed at 25204.00, up 43.40 points; 62.60-point premium to the spot index

--Nifty 50 Jul closed at 25330.00, up 35.00 points; 188.60-point premium to the spot index

--Nifty 50 Aug closed at 25438.00, up 36.70 points; 296.60-point premium to the spot index

BSE, Indian Energy Exchange, Reliance Industries, Infosys, United Spirits, Hindustan Aeronautics, HDFC Bank, Bajaj Finance, Central Depository Services, ICICI Bank, Vedanta, Tata Motors, Bharat Electronics, Multi Commodity Exchange of India, State Bank of India, and HCL Technologies were the most active underlying stocks Wednesday.  End

Edited by Deepshikha Bhardwaj

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.