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Informist, Monday, Nov. 10, 2025

 

By Anshul Choudhary

 

MUMBAI – Benchmark indices are likely to move in a range on Tuesday amid high stock valuations, options data showed. The Nifty 50 is likely to face resistance at 25650-25700 points, but expectations of a sharp profit booking are low on hopes of better earnings growth in the December quarter.

 

The Nifty 50 ended higher on Monday after declining in the previous three sessions, pushing some traders to cover their short positions. The index closed at 25574.35 points, up 0.3% from Friday. Short covering was seen in at-the-money and in-the-money call options below 25550-point strike prices. However, traders continued to sell out-of-the-money call options, indicating expectations of selling pressure at higher levels.

 

The highest open interest addition on the call side was seen at 25650-25700 strike prices, which are likely to act as resistance. High stock valuations have been a concern, especially after the Nifty 50 gained around 5% over the past three months. Goldman Sachs, in a report, said the Indian equity market remained the most expensive among emerging markets.

 

While valuations remain high, the recent underperformance of the Nifty 50 compared to other global markets has raised some hopes that the downside will be capped. "At 23x PE-valuations remain high, but we see modest de-rating risk (-5?se-case/-9% risk-case) based on six different valuation approaches," Goldman Sachs said.

 

Options data suggest the downside for the Nifty 50 is expected to be limited. The largest open interest addition on the put side was seen at the 25500 strike price, which is likely to act as support for the index. If the index falls below the 25500 strike price, the next support is at 25000 points.

 

--Nifty 50 November closed at 25696.90, up 107.70 points; 122.55-point premium to the spot index

--Nifty 50 December closed at 25885.00, up 104.80 points; 310.65-point premium to the spot index

--Nifty 50 January closed at 26043.90, up 87.80 points; 469.55-point premium to the spot index

 

Trent, National Aluminium Co., Infosys, Bharti Airtel, BSE, Reliance Industries, HDFC Bank, Hindustan Aeronautics, Steel Authority of India, State Bank of India, FSN E-Commerce Ventures, Bajaj Finance, ICICI Bank, Bajaj Auto, Lupin, and Tata Consultancy Services were the most actively traded underlying stocks Monday.  End

 

Edited by Saji George Titus

 

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