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Informist, Monday, Jul. 7, 2025

By Anshul Choudhary

MUMBAI – Options data shows the Nifty 50 index is likely to move in a range of 25300-25600 points in the coming sessions, until there are fresh cues. Some analysts pointed out that volume had taken some hit after the Securities and Exchange Board of India debarred Jane Street from the securities market.

"Trading volume is slightly hit by the Jane Street issue...might see this in the near term because it is a major issue," a derivatives analyst at a domestic brokerage said. Monday, the Nifty 50 ended flat at 25461.30 points.

Market participants are now waiting for a US-India trade deal ahead of the tariff deadline Wednesday. US Treasury Secretary Scott Bessent has warned that reciprocal tariffs will be reinstated starting Aug. 1 against countries that fail to reach a trade deal.

Premiums on options fell across call and put contracts after the Jane Street issue and amid expectations of a US-India trade deal. On the call side, traders sold call options across the board with the highest open interest addition seen at 25600 strike price. This level is likely to act as an immediate resistance for the Nifty 50.

On the put side, the highest open interest addition was seen at 25300-25400 strike prices. These levels are likely to act as immediate support for the Nifty 50. Analysts do not expect the index to fall sharply despite its valuations being higher than long-term averages. "We see the potential for a further market up-move, especially in an environment of improving corporate earnings growth, low interest rates, ample liquidity, and macroeconomic recovery," Motilal Oswal Financial Services said in its earnings preview report.

The July futures contract of the Nifty 50 closed at a premium of 79.80 points to the spot index. Open interest in the contract rose slightly to 13.55 million, according to provisional data.

--Nifty 50 Jul closed at 25541.10, up 1.00 point

--Nifty 50 Aug closed at 25655.00, up 2.30 points; 193.70-point premium to the spot index

--Nifty 50 Sep closed at 25802.50, up 2.70 points; 341.20-point premium to the spot index

Hindustan Unilever, Bharat Electronics, Dixon Technologies, Reliance Industries, BSE, HDFC Bank, Godrej Consumer Products, Dabur India, Trent, Hindustan Aeronautics, ICICI Bank, State Bank of India, Jio Financial Services, Bosch, and Infosys were the most active underlying stocks Monday.  End

Edited by Nishant Maher

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