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Informist, Wednesday, Feb. 11, 2026

 

By Gopika Balasubramanium

 

MUMBAI – The options chain indicates that the Nifty 50 is expected to move in a thin range in the upcoming sessions, as traders wrote both call and put options throughout Tuesday's session. Traders added short positions in the 26000 strike of Nifty 50's call option, which implies that it would be difficult for the benchmark index to cross that level in the near term.

 

Analysts said tariff-related risks have largely eased after the US-India trade deal. However, there are concerns about whether the US would threaten with more tariffs even after the deal, as seen in the case of South Korea, analysts said. The reduction in tariffs on import of textiles from Bangladesh to 19% would be a concern for the Indian industry, some analysts said. However, others said this would not meaningfully change the competitiveness between the two countries.

 

Analysts said the trend of inflows from foreign investors would be monitored closely, as there are expectations of them returning to the Indian market with large investments. Following the deal, they have largely been net buyers. However, analysts are still not confident that the trend has been reversed completely. Yet, there is some assurance that the aggressive selling by overseas investors is over for the medium-term.

 

"...sustained FII selling, which has been a major drag on the market, has stopped. FIIs have been buyers in the market in the last five out of six trading sessions. This cannot be taken as a complete reversal of the FII stance; but the sustained selling appears to be over," V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd., said in a note earlier in the day. "An unhealthy trend in the market now is the inflows into gold and silver ETFs exceeding the inflows into active equity funds. This is the time to put more money into equity than to precious metals which have turned highly volatile rather than a safe haven," he added.

 

So far this month, foreign investors have net injected INR 153.38 billion in the Indian equity market, after being net sellers in January, data from National Securities Depository Ltd. shows. Last month, they net sold about INR 360 billion of equities. In the case of index futures, they have reduced their net short positions to the tune of $770 million in the last five days, Nuvama Alternative & Quantitative Research said in a report dated Monday.

 

Wednesday, the Nifty 50 closed at 25953.85 points, up 18.70 points or 0.1%. The index moved in a thin range of 110 points during the session, swinging between gains and losses. "Call writing was seen at multiple strikes with maximum fresh addition at 26000 CE (call options)," said Vipin Kumaar, assistant-vice president – technical and derivatives at Globe Capital Market. "Put writing was also seen at out of the money strikes. Options data is indicating towards continuation of sideways move in 26100-25800 range for coming session," he added.

 

Traders wrote call options expiring next week between 26000-26100 strikes throughout the session, as per the options chain. There was addition of short positions in at-the-money 25950 call contract, indicating sustained selling pressure at this level, preventing the Nifty 50 from rising further. Maximum addition and concentration of open interest was at 26000 strike on the call side. Some traders bought extreme out-of-the-money call options at 27500-27200 strikes, but the premium was between 3-4%.

 

On the put side, traders wrote contracts at 25400 strike, indicating that the Nifty 50 is less likely to fall below this level. They also wrote 25900 out-of-the-money put contracts, implying that the index would take immediate support at this level. There was addition of short positions in at-the-money puts at 25950 strike. Maximum addition and concentration of open interest was at 24500 strike on the put side.

  

--Nifty 50 February closed at 25989.70, up 4.10 points; 35.85-point premium to the spot index

--Nifty 50 March closed at 26144.20, up 5.50 points; 190.35-point premium to the spot index

--Nifty 50 April closed at 26305.00, up 9.70 points; 351.15-point premium to the spot index

 

State Bank of India, Bharat Heavy Electricals, Mahindra & Mahindra, Ashok Leyland, Titan Co., Multi Commodity Exchange of India, Eicher Motors, HDFC Bank, Divi's Laboratories, Apollo Hospitals Enterprise, ICICI Bank, Federal Bank, Tata Consultancy Services, Samvardhana Motherson International, Vodafone Idea, Hindalco Industries, Tata Steel, and Jubilant FoodWorks were the most actively traded underlying stocks Wednesday.  End

 

Edited by Ashish Shirke

 

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