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Informist, Friday, Nov. 21, 2025

 

By Anshul Choudhary

 

MUMBAI – The Nifty 50 is likely to face difficulty in touching its lifetime high at least till the expiry of monthly options on Tuesday as some traders closed their long positions after profit booking in the index on Friday. Despite this, a large section of the market still expects the Nifty 50 to rise next week till at least 26200 points, up 0.5% from the current level.

 

Options data also show that the Nifty 50 will likely find it easier to cross its lifetime high of 26277.35 points only if it manages to rise above the resistance of 26200 points. Call options at 26200 strike prices saw the highest open interest addition, while the highest open interest was at 27000 strike price, followed by 26500 strike price. On Friday, the Nifty 50 closed 0.5% lower at 26068.15 points, about 1% away from its lifetime high touched in September last year.

 

High stock valuations at a time when the Nifty 50 has risen nearly 4% in the around three months may have pushed traders to cut long positions. However, hopes of better earnings growth in the December quarter continued to drive sentiment in the market, with some analysts also expecting upgrade in earnings estimate to begin soon. "NIFTY EPS has broken the trend of EPS downgrades which prevailed since August 2024," brokerage firm Prabhudas Lilladher said in a report.

 

On the put side, some long unwinding was seen in at-the-money and in-the-money options amid profit booking in the cash market. While data suggests some profit booking is possible, the fall in the Nifty 50 is expected to be limited to 25700 points, down over 1% from the current levels. The highest open interest was at 25000 put, followed by 25700-26000 strike prices. This suggests the Nifty 50 is likely to find strong support at 25700-26000 points for now.

 

--Nifty 50 November closed at 26074.00, down 146.80 points; 5.85-point premium to the spot index
--Nifty 50 December closed at 26260.50, down 151.40 points; 192.35-point premium to the spot index
--Nifty 50 January closed at 26416.00, down 146.90 points; 347.85-point premium to the spot index

 

HDFC Bank, ICICI Bank, Reliance Industries, Infosys, Axis Bank, Eternal, Bharti Airtel, Tata Consultancy Services, Bajaj Finance, Kotak Mahindra Bank, ITC, State Bank of India, Mahindra & Mahindra, Maruti Suzuki India, Vedanta, JSW Steel, Shriram Finance, Hindalco Industries, Bharat Electronics, and Hero MotoCorp were the most actively traded underlying stocks Friday. End

 

Edited by Ashish Shirke

 

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