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Informist, Tuesday, Sept. 9, 2025

By Anshul Choudhary

MUMBAI – Traders covered their short positions in in-the-money call options after the Nifty 50 managed to close above its earlier resistance of 24800-24850 points. However, options data suggest the 25000 points will continue to remain a big hurdle for the Nifty 50 despite the index rising over 1% in five sessions.

Analysts are mainly concerned about the impact of tariffs imposed by the US and continuous outflows from foreign investors, which are likely to limit gains going forward. At the same time, they are largely positive that the Nifty 50 is unlikely to see any major fall due to measures taken by the government to boost consumption. Tuesday, the Nifty 50 closed at 24868.60 points, up 0.4% from Monday. The index has gained for five sessions, rising over 1% during this period.

A rise above 24800 points pushed traders to cover their short positions on the call side below 24800 strike prices. However, the highest open interest on the call side, for contracts expiring next week, was at 25000 points. It indicates a strong resistance for the Nifty 50 at higher levels. The Nifty 50 is likely to see major gains only once it crosses 25000-25100 points, technical analysts said.

On the put side, traders sold contracts across the board, indicating hopes of more gains in the index. The highest open interest on the put side was at 24800 strike prices, and this level is expected to be support for the Nifty 50. The 24800-level was seen as the resistance for the Nifty 50 until last week.

Index futures data showed traders added long positions. The Nifty 50's September futures contracts closed at a premium of 92.40 points to the spot index Tuesday.  

--Nifty 50 Sept closed at 24961.00, up 68.30 points; 92.40-point premium to the spot index

--Nifty 50 Oct closed at 25068.00, up 60.60 points; 199.40-point premium to the spot index

--Nifty 50 Nov closed at 25190.00, up 68.30 points; 321.40-point premium to the spot index

Infosys, BSE, Kotak Mahindra Bank, Maruti Suzuki India, Tata Consultancy Services, HDFC Bank, Reliance Industries, Eicher Motors, Mahindra & Mahindra, Tata Motors, Wipro, One 97 Communications, Trent, and ICICI Bank were the most active underlying stocks Tuesday.  End

Edited by Saji George Titus

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