Equity Futures
Call, put writing in Nifty 50 options hint at rangebound move
This story was originally published at 18:14 IST on 10 February 2026
Register to read our real-time news.Informist, Tuesday, Feb. 10, 2026
By Simran Rede
MUMBAI – The Nifty 50 index is expected to move in a range Wednesday, but the outlook for the next couple of sessions remains positive. Traders wrote call and put options of the Nifty 50 expiring next week, while they also covered some short positions in the current expiry, helping the slight rise in the index Tuesday.
The Nifty 50 Tuesday settled at 25935.15, up 67.85 points or 0.3% from the previous session. The BSE Sensex closed at 84273.92, up 208.17 points or 0.3%. Analysts maintain their positive view on the market as long as the Nifty 50 stays above 25500 points. The sentiment in the market turned positive after India and the US signed the long-awaited trade deal and released a joint statement.
"Tailwinds for the market are getting stronger with each passing day," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. After the recent rally on the back of the trade deal and positive global cues, Indian equities await a fresh trigger for a substantial move in the coming sessions, according to analysts.
India's macroeconomic environment is seen getting better than earlier optimistic estimates, analysts said. However, a key factor to focus on will be the corporate earnings for the March quarter as the December quarter earnings are said to be underwhelming. A significant development in macro economy is the turnaround in private capital expenditure, which has been sluggish for years.
"In brief, these macro developments can lead to GDP growth of above 7% and with inflation rising to expected 4% in FY27, this can translate into nominal GDP growth of around 10.5 % and corporate earnings growth of above 16%," said Vijayakumar of Geojit Investments. "The market will start discounting these positive developments, particularly since the US-India trade deal is no longer a constraint for the market," he said.
The Nifty 50 is expected to log steady gains in the near term, given that there are no negative developments that affect the market sentiment. The highest open interest concentration as well as addition was at 27000 strike price of call while highest open interest concentration and addition was at 25000 and 25900 put options, respectively. Premiums on 26000-27000 call contracts expiring next week declined 22-43%, while those on 25000-25900 put options fell 30-100%.
--Nifty 50 February closed at 25969.20, up 53.80 points; 34.05-point premium to the spot index
--Nifty 50 March closed at 26122.00, up 53.20 points; 186.85-point premium to the spot index
--Nifty 50 April closed at 26282.00, up 54.70 points; 346.85-point premium to the spot index
Tata Steel, Eternal, State Bank of India, Aurobindo Pharma, HDFC Bank, Infosys, ICICI Bank, Samvardhana Motherson International, Tata Consultancy Services, Titan Co., Multi Commodity Exchange of India, Amber Enterprises India, Adani Enterprises, Maruti Suzuki India, Swiggy, Reliance Industries, and Vedanta were the most actively traded underlying stocks Tuesday. End
Edited by Ashish Shirke
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