Trade setup for 25 September: Bears dominate. NIFTY50 snaps 3-week winning streak. FIIs drag down markets

Blog | F&O

Asian Markets Update 7 am

The Indian markets may start the day positive to flat, as indicated by the GIFT Nifty. Its Asian peers are trading in the green. The Nikkei 225 gained 0.4% while Hang Seng rose 2.2%. 

 US Market Update

The US markets extended losses for the fourth session to a lower close on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs. Dow Jones declined 0.3%, while NASDAQ was down 0.09%.

Index Action


19,674 ▼ 68 (-0.3%)
Max Pain: 19,750
PCR: 0.8
28 September Expiry

The NIFTY50 Index snapped its three-week winning streak and closed in the red. The rising oil prices and FII (foreign institutional investor) sell-off pushed the markets lower. The US Fed has indicated that it may take one more rate hike this year. The fears of rising interest rates seem to have dampened the sentiments.

According to the options data, as per the 28  September expiry, the max call open interest (OI) build-up is at 19,800. It means that this level could act as a resistance. On the other hand, the max put OI build-up is at the 19,500 level – which could act as a support.


44,612 ▼ 11 (-0.03%)
Max Pain: 44,900
PCR: 0.6
28 September Expiry

On Friday, the BANK NIFTY Index closed flat amid volatility. Last week, the index faced selling pressure due to weakness in heavyweight stocks like ICICI Bank and HDFC Bank. 

Meanwhile, according to the options data, sizable call positions can be seen at the 45,000 level, which can act as a resistance. And, on the lower side, based on max put OI build-up, the index can get support at the 43,000 level.

India VIX

The volatility index fell 1.4% to 10.6.

Stock Action

Long build-up: Indusind Bank, Maruti, SBIN, Coal India, HDFC Life

Short build-up: DR Reddy, UPL, Bajaj Auto, Ultratech Cement, Power Grid


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. 



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