Equity Futures
Options data shows Nifty 50 direction uncertain in near term
This story was originally published at 19:33 IST on 12 August 2025
Register to read our real-time news.Informist, Tuesday, Aug. 12, 2025
By Akash Mandal
MUMBAI – Options data showed uncertainty over the market direction as the call side showed chances of some upside, while the put side data suggested the market might fall sharply if there is a negative shock in the market. While sentiment in the market remains negative, there might be some gains in the near term due to short covering as foreign investors continue to have large short positions in index futures, analysts said.
On the call side, traders added short positions across out-of-the-money strike prices, with the maximum open interest addition at the 24700 and 25000 strike prices. The maximum open interest was at the 25000 strike price, followed by the 24600 and 24700 strike prices. This implies the Nifty 50 is likely to gain till 24600-24700 levels, before facing a strong resistance, but may rise to 25000 points if it manages to surpass the earlier resistance. On Tuesday, the Nifty 50 closed 0.4% lower at 24487.40 after a choppy session.
On the call side, traders cut long positions in many in-the-money contracts below the 24450 strike price. Traders also cut long positions on the put side with long unwinding seen at in-the-money contracts above the 24900 strike price, alongside many out-of-the-money contracts. There was also some short covering on put contracts below the 24000 strike price expiring Thursday, with the 50-stock index unlikely to drop below the 24000 level by Thursday.
"We continue to uphold our short-term negative view on Nifty index till it is trading below 24800 spot levels on closing basis...as far as levels are concerned, 24750-24800 spot levels will act resistance and 24400-24350 spot levels will act as supports for tomorrow (Wednesday)," Vipin Kumar, assistant vice-president and senior derivatives analyst at Globe Capital Market, said. "FIIs long short ratio is at 9.23%, improving marginally from previous day's ratio of 9.03%."
On the put side, traders bought contracts below the 25000 strike price. The highest open interest was at the 24000 strike price, followed by the 24300-24500 strike prices.
--Nifty 50 Aug closed at 24550.00, down 77.90 points; 62.60-point premium to the spot index
--Nifty 50 Sept closed at 24685.00, down 70.50 points; 197.60-point premium to the spot index
--Nifty 50 Oct closed at 24800.00, down 64.30 points; 312.60-point premium to the spot index
Hindustan Aeronautics, Hindalco Industries, Reliance Industries, HDFC Bank, Tata Consultancy Services, Infosys, Bajaj Finance, Maruti Suzuki India, Astral, Titagarh Rail Systems, Bharti Airtel, Mahindra & Mahindra, Multi Commodity Exchange of India, One97 Communications, and Larsen & Toubro were the most active underlying stocks Tuesday. End
Edited by Tanima Banerjee
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