Trade setup for 6 October: NIFTY50 bounces back. RBI interest rate decision today.

Blog | F&O

Asian Markets Update 7 am

The Indian markets may start the day negative to flat, as indicated by the GIFT NIFTY. Meanwhile, Nikkei 225 and Hang Seng are up by 0.1% and 1.3%, respectively.

US Market Update

US markets witnessed a muted session on Thursday as investors awaited job data on Friday . Dow Jones fell 0.03%, while NASDAQ declined 0.1%.

Index Action


19,545 109 (+0.5%)
Max Pain: 19,500
PCR: 0.9
12 October (Thursday) Expiry

On the expiry day, the NIFTY50 index recovered and closed above the 19,500-mark. The rise in the markets was predominantly supported by stocks in the IT and Banking sectors. 

Now, all eyes will be on the RBI interest rate decision, which will be announced later today and the September quarter results. Going forward, stock specific movement could be seen in the markets. 

According to the options data for the 5 October expiry, significant call open interest (OI) build-up is at 19,700. It means that this level could act as a resistance. On the other hand, max OI build-up in puts is at the 19,300 level – which could act as a support. 


44,213 249 (+0.5%)
Max Pain: 44,200
PCR: 0.8
11 October (Wednesday) Expiry

Like NIFTY50, the BANK NIFTY index also recovered and closed in the green. 

Meanwhile, as per the options data, sizable call positions can be seen at the 44,700 level, which can act as a resistance. And, on the lower side, based on significant OI build-up in puts, the index can get support at the 43,700 level.

India VIX

The volatility index declined 6.1% to 10.9.

Stock Action

Long build-up: Bajaj Auto, Infosys, Titan, TCS, Maruti
Short build-up: Power Grid, HCL Tech, NTPC, Hindalco, Tata Consumer


In Futures and Options or F&O, long build-up means an increase in Open Interest (OI)

long with an increase in price, and short build-up means an increase in Open Interest

(OI) along with a decrease in price.

Source: Upstox and NSE. 



Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.


Download IconDownload the Upstox App Today