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Informist, Tuesday, Oct. 28, 2025

 

By Anshul Choudhary

 

MUMBAI – Options data suggest traders expect some profit-taking in the Nifty 50 index after strong gains so far in October. The Nifty 50 may fall to 25500-25400 points in the coming sessions, a fall of around 2%.

 

While sentiment in the market is positive with the US and China expected to reach a trade deal soon, high stock valuations may limit a further rise in the market and push investors to take profits. Tuesday, some profit sales were seen as the Nifty 50 dropped 0.6% intraday before coming off the low to end the session marginally down at 25936.20 points. The index has gained over 5% so far in October and it is only 1% away from touching its lifetime high of 26277 points.

 

On the call side, traders sold contracts across the board with the highest addition of open interest at the 27000 strike price, followed by the 26000 strike price. The Nifty 50 is expected to face resistance at 26000-26100 points.

 

On the put side, traders bought in-the-money and at-the-money put options, indicating expectations of selling in the market. The highest addition of open interest was seen at 25400-25500 strike prices and these levels may act as support. There was significant addition of open interest at strike prices below 25000 points.

 

Among stocks, construction major Larsen & Toubro is expected to announce its quarterly earnings Wednesday. Options data suggest the stock may go past INR 4,000 per share on the National Stock exchange if earnings growth in the September quarter is strong.

 

Traders bought call options of L&T and sold put options, indicating bullish sentiments. The highest open interest on the call side was at INR 4,000-INR 4,200 strike prices. Tuesday, the stock closed over 1% higher at INR 3,972.80--its highest closing level yet.

 

--Nifty 50 November closed at 26099, down 69.40 points; 162.80-point premium to the spot index

--Nifty 50 December closed at 26272, down 75.30 points; 335.80-point premium to the spot index

 

ICICI Bank, HDFC Bank, Reliance Industries, State Bank of India, Bharti Airtel, Larsen & Toubro, Tata Consultancy Services, Vodafone Idea, Infosys, Kotak Mahindra Bank, Axis Bank, Bajaj Finance, Tata Steel, and Mahindra & Mahindra were the most actively traded underlying stocks Tuesday.  End

 

Edited by Rajeev Pai

 

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