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Informist, Tuesday, Nov. 25, 2025

 

By Anjana Therese Antony

 

MUMBAI – Traders added aggressive short bets to the derivatives chain of the Nifty 50 Tuesday as the index erased its early gains and closed lower for the third session in a row. However, derivatives analysts continue to believe the index will reach its record high and suggest a 'buy-on-dip' strategy as the bias remains bullish. What could also determine the direction of the market includes developments in global markets, particularly the US, and movements in the domestic currency, analysts said. 

 

On Tuesday, the Nifty 50 closed 0.3% lower at 25884.80 points, ending below its psychologically important 26000 level for the second straight time. The possibility of near-term gains was also reflected in the fall in India VIX, the fear gauge, which closed almost 8% lower at 12.2425. 

 

The near-term support for the index is seen at 25750-25700 levels, and it could then test 25500 if the immediate support levels are breached, a technical analyst at a domestic broking firm said. The resistance is seen at 26150-26200 levels, and once it's crossed, it will likely rise to a record high, but could face some selling pressure as valuations remain expensive. 

 

On the call side of the Nifty 50, premiums on out-of-the-money strikes 26000-26300 declined 46-64% and those on put contracts 25850-25750 increased 5-21%. The 26000 call and put strikes have the highest concentration of open interest. The maximum open interest addition was at 25400 put and 26000 call. Traders also added short positions to the futures series of the Nifty 50. The December contract closed 0.5% lower at 26051 points and open interest increased almost 27% to nearly 14 million. Similar was the case with the January series, as the contract ended 0.5% lower at 26237.20 level and open interest rose almost 27% to over 861,000. 
 

--Nifty 50 December closed at 26051.00, down 119.70 points; 166.20-point premium to the spot index
--Nifty 50 January closed at 26237.20, down 121.40 points; 352.40-point premium to the spot index

 

Reliance Industries, ICICI Bank, HDFC Bank, Infosys, Vodafone Idea, State Bank of India, Bharti Airtel, Kotak Mahindra Bank, Tata Consultancy Services, Adani Enterprises, Eternal, Tata Steel, Hindustan Aeronautics, ITC, Dixon Technologies, REC, Larsen & Toubro, Hindalco Industries, One 97 Communications, and Trent were the most actively traded underlying stocks Tuesday.  End

 

Edited by Saji George Titus

 

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