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Informist, Monday, Sept. 15, 2025

By Akash Mandal

MUMBAI – The Nifty 50 is likely to move in a thin range in the next few sessions, with chances of a slight correction due to profit booking as benchmark indices have already gained over 2% over the previous eight sessions. Though factors like positive talks on trade deals with the US and European Union are likely to aid sentiment and limit downside, there needs to be definitive progress in talks for the market to rise further, analysts said.

On the call side, traders added open interest across many out-of-the-money contracts below the 26000 strike price. Among call contracts expiring Tuesday, the highest open interest addition and concentration were at the 25100-25400 strikes, suggesting a limited upside for the 50-stock index.

Among call contracts expiring Sept. 23, the highest open interest addition was at the 26000 strike, with other strikes above the 26000 level also seeing significant open interest addition. The maximum concentration was also at the 26000 strike, followed by the 25000-25500 strikes. This also implies a limited upside for the Nifty 50 in the next few sessions. "Non-directional intraday activity and a small bearish candle indicate indecisiveness between the bulls and the bears," Shrikant Chouhan, head equity research at Kotak Securities, said in a note.

On Monday, the Nifty 50 closed at 25069.20, down 44.80 points or 0.2%. The BSE Sensex ended at 81785.74, down 118.96 points or 0.2%. Traders unwound their long positions across in-the-money put and call strikes, which weighed on the spot market too. The Nifty 50 snapped an eight-session winning run.

On the put side, significant open interest was added at the 24000 strike among contracts expiring Sept. 23, followed by 24100, 24400, and 25000 strikes. However, the highest open interest concentration was at the 25000 strike. 

Traders still have net short positions in index futures despite covering some of them over the past few sessions. Last week, foreign investors reduced their net short positions in index futures by $365 million over five sessions, Nuvama Institutional Equities said in a report. As of Friday, FIIs had net short positions of $3.69 billion in index futures, which is the lowest level since Aug. 26, Nuvama said in the report.  

--Nifty 50 September closed at 25169.00, down 36.00 points; 99.80-point premium to the spot index

--Nifty 50 October closed at 25281.00, down 40.80 points; 211.80-point premium to the spot index

--Nifty 50 November closed at 25400.00, down 38.80 points; 330.80-point premium to the spot index

Vodafone Idea, Bajaj Finance, Reliance Industries, Infosys, Hindustan Aeronautics, Bharat Electronics, ICICI Bank, Mahindra & Mahindra, BSE, Angel One, HDFC Bank, Vedanta, DLF, Tata Motors, and Jio Financial Services were the most active underlying stocks Monday.  End

Edited by Saji George Titus

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