More Stories

Informist, Monday, Jun. 15, 2026

 

By Simran Rede

 

MUMBAI – Traders seem to have added some long bets in the options chain of the Nifty 50 derivatives, as a potential US-Iran peace deal this week is seen providing support to the benchmark, according to analysts. Call options of the index were bought across deep out-of-the-money strikes, while puts were sold, indicating a bullish bias for the coming session. 

 

In the Nifty 50 futures contracts, traders covered some short positions to either lock in profits or cut losses, as the index is expected to see meagre gains this week. The June contract closed 1% higher at 23930, implying a 76.10-point premium to the spot index. The open interest in the contract fell 1% to 18.03 million.

 

The market started the week on a positive note with the Nifty 50 showing a strong gap-up opening as investors cheered optimism around the US-Iran peace deal and the fall in crude oil prices. However, the index failed to sustain all its gains and closed off its intraday highs as investors booked some profits, Sudeep Shah, head of technical and derivatives research at SBI Securities, said in a note.

 

Option chain data show traders wrote call and put contracts at multiple strikes, with the put-call ratio for contracts expiring Tuesday around 1, indicating a sideways movement in the index, Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. 

 

Crude oil prices fell sharply Monday. At 1622 IST, the August Brent crude futures contract on the Intercontinental Exchange was 5% lower at $83 per barrel. During the day, the contract touched an over 3-month low of $82.52 per barrel. The prices are still 14% higher than the pre-war level. 

 

The opening of the Strait of Hormuz is expected to result in a decline in crude prices. "However, beyond the immediate price action, crude prices could take six months to one year to normalise to pre-war levels given that almost 10-11 million barrels per day of production has been shut in West Asia, besides which some facilities have suffered damage," Prashant Vasisht, senior vice president and co-group head of corporate ratings at ICRA, said in a note.

 

At the final hour of trade, traders sold some call options as well, indicating range-bound movement in the coming sessions. Before coming off highs, traders had added long positions on the call side. Now, the maximum change and concentration of open interest is at the 24000-point strike, suggesting immediate resistance at this level. If the index crosses and sustains above this level, it may test 24400 points, Kumar of Globe Capital said.

 

Premiums on strikes, which are just 0.2-0.8% higher than the spot level, rose 7-41% with the open interest rising by 1 million-6 million, indicating some rise in the index on Tuesday. However, premiums on strikes 1-4% higher than the spot level fell 18-27%, suggesting that the rise will be limited. On the put side, premiums fell around 40-90?ross options expiring Tuesday.  

 

--Nifty 50 June closed at 23930.00, up 243.40 points; 76.10-point premium to the spot index

--Nifty 50 July closed at 24017.00, up 245.10 points; 163.10-point premium to the spot index

--Nifty 50 August closed at 24110.00, up 236.50 points; 256.10-point premium to the spot index

 

HDFC Bank, Reliance Industries, ICICI Bank, Larsen & Toubro, BSE, InterGlobe Aviation, State Bank of India, Shriram Finance, Ashok Leyland, Multi Commodity Exchange of India, Dixon Technologies, and Bajaj Finance were the most actively traded underlying stocks Monday.  End

 

US$1 = INR 94.71

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.