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Informist, Thursday, Jan. 29, 2026

By Simran Rede

MUMBAI – Traders further wrote put options Thursday at multiple strikes as the Economic Survey for 2025-26 (Apr-Mar), tabled in Parliament by Finance Minister Nirmala Sitharaman, boosted sentiment. The Nifty 50 managed to clock 0.3% gains after falling as much as 0.7% during the initial hour of the session. They also sold out-of-the-money call options, indicating an indecisive outlook on the market. Analysts believe the Nifty 50 index will continue its rangebound movement till Union Budget 2026-27 (Apr-Mar).

Wednesday, traders unwound their short positions in large-cap stocks, reducing the "negativity" in the market, said Rupak De, senior technical analyst at LKP Securities. The Nifty 50 closed 0.3% higher at 25418.90 points, closing in the green for the third consecutive session. The index gained 1.5% over this period.

"Nifty (50) index is trading on the verge of breakout from the price resistance of 25450 spot levels," said Vipin Kumaar, derivatives and technical analyst at Globe Capital Market. The put-call ratio is over 1, which turned the market sentiment to sideways from negative earlier, he said. Premiums on out-of-the-money Nifty 50 call and put options fell, suggesting a rangebound movement for the index Friday.

If the 50-stock index manages to cross 25450 level on a closing basis, it will open the room for a short-term gain up to 25900 points, technical analysts said. A fall below 25150 points will drag it down to 24960-24900 levels in the near term, they said. The highest addition of open interest was at 26500 call strike and 23300 put contract and the maximum addition of open interest was at 26000 call strike and 23300 put option. 

--Nifty 50 February closed at 25539.00, up 88.60 points; 120.10-point premium to the spot index

--Nifty 50 March closed at 25710.00, up 79.70 points; 291.10-point premium to the spot index

--Nifty 50 April closed at 25863.70, up 84.90 points; 444.80-point premium to the spot index

Hindustan Zinc, Canara Bank, Vedanta, ICICI Bank, HDFC Bank, Bharat Electronics, Larsen & Toubro, Reliance Industries, National Aluminium Co., Axis Bank, Multi Commodity Exchange of India, ABB India, Tata Steel, Hindalco Industries, Maruti Suzuki, Mahindra & Mahindra, Eternal, State Bank of India, and Rail Vikas Nigam were the most actively traded underlying stocks Thursday.  End

Edited by Akul Nishant Akhoury

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