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Informist, Friday, Feb. 6, 2026

 

By Gopika Balasubramanium

 

MUMBAI – The Nifty 50 is expected to move in a thin range in the upcoming sessions, with traders selling closer out-of-the-money put options. On the call side, traders sold contracts at higher levels, implying a limited upside. Fundamentally, the benchmark index is expected to take cues from the finer details of the India-US trade deal, announced earlier this week. 

 

The Nifty 50 index closed at 25693.70 points, up 50.90 points or 0.2%. The index broke below 25000 points during Sunday's special session after Finance Minister Nirmala Sitharaman proposed hiking the securities transaction tax on the futures and options segment. However, the index recovered from the lows soon after the US-India trade deal was announced. Technical analysts expect the 50-stock index to find support at 25600 and face resistance at 25800. 

 

The options chain showed that traders went short on call options at the 25600 strike expiring next week. They also added short positions at out-of-the-money calls at 25950, indicating that the upside is capped. At the 25800 strike, traders held nearly 11 million contracts, and the addition of shorts was below 500,000 during the session, suggesting the spot index would face resistance at those levels. The maximum open interest was at 27000 call, while the largest addition of open interest was at 25600 call. 

 

Meanwhile, traders sold 25500-25600 put contracts, implying that the downside for the Nifty 50 index is limited. The maximum open interest and the largest addition of open interest were at 25500 put. "Put writing was seen at multiple strikes, resulting in improved put-call ratio... Immediate supports are around 25530-25450 spot levels and immediate resistances are at 25850-26000 spot," Vipin Kumaar, assistant vice president – technical and derivatives at Globe Capital Market, said. 

 

--Nifty 50 February closed at 25729.80, up 4.80 points; 36.10-point premium to the spot index
--Nifty 50 March closed at 25886.30, down 5.20 points; 192.60-point premium to the spot index
--Nifty 50 April closed at 26045.00, down 2.10 points; 351.30-point premium to the spot index

 

ITC, Bharti Airtel, Infosys, Kaynes Technologies India, Multi Commodity Exchange of India, State Bank of India, Tata Consultancy Services, Hitachi Energy India, ICICI Bank, Reliance Industries, FSN E-Commerce Ventures, HDFC Bank, Bajaj Finance, Life Insurance Corp. of India, and Vedanta were the most actively traded underlying stocks Friday.  End

 

Edited by Saji George Titus

 

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