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Informist, Wednesday, Aug. 13, 2025

By Akash Mandal

MUMBAI – Options data showed the Nifty 50 is likely to consolidate in the near term after strong gains Wednesday as the overall sentiment in the market remains weak, analysts said. The Nifty 50 is likely to face strong resistance at the 24700 level but may rise to 25000 points, and even 25200 points, if the hurdle is surpassed, analysts said. While a soft inflation print improved hopes of a rate cut by the Reserve Bank of India at its next meeting, concerns around stretched valuations and slow earnings growth remain.

On the call side, traders bought many contracts below the 25000 strike price, but sold contracts above that strike price, implying that near-term gains are likely to be capped. The highest open interest was by far at the 25000 strike price, which was higher by nearly 3 million than that at the next strike price of 24700. The 24800 strike price also had significant open interest. This implies that the 50-stock index is likely to face strong resistance at the 24700-24800 levels, but may rise to 25000 once it crosses that level. With foreign investors still heavily oversold in index futures, some analysts expect short covering to lift the Nifty 50 to the 25000-25200 levels. 

There was some long unwinding seen at deep out-of-the-money call contracts above the 25200 strike price. However, short covering at in-the-money call and put contracts buoyed the market, with the Nifty 50 closing the session 0.5% higher at 24619.35. The index had risen near the 24700 levels intraday, a level which is seen acting as a strong resistance, but ended a bit lower. 

On the put side, the highest open interest was at the 24600 strike price, with nearly 74% added on Wednesday. The next highest open interest was at the 24500 strike price. This implies that traders do not see the market falling much from current levels. However, there might be a temporary pull-back as the 50-stock index is seen consolidating after strong gains this week.

--Nifty 50 Aug closed at 24718.90, up 164.00 points; 99.55-point premium to the spot index

--Nifty 50 Sept closed at 24859.90, up 168.00 points; 240.55-point premium to the spot index

--Nifty 50 Oct closed at 24957.60, up 152.30 points; 338.25-point premium to the spot index

HDFC Bank, Apollo Hospitals Enterprises, Reliance Industries, One 97 Communications, Hindalco Industries, ICICI Bank, Bharti Airtel, BSE, Hindustan Aeronautics, Bajaj Finance, Axis Bank, State Bank of India, Infosys, Eternal, and Mahindra & Mahindra were the most active underlying stocks Wednesday.  End

Edited by Tanima Banerjee

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