Trade setup for 18 September: NIFTY50 on a record run. Bulls charge ahead. All eyes on US Fed rate decision.

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 rose  1.0% while Hang Seng gained 0.1%. 

US Market Update

The US markets ended lower on Saturday as investors looked ahead to the Federal reserve meeting. Dow Jones declined 0.8%, while NASDAQ fell 1.5%.

Index Action


20,192 ▲ 89 (+0.4%) 
Max Pain: 20,150
PCR: 1.1
21 September Expiry

The NIFTY50 index made gains for the third consecutive week, supported by DII (domestic institutional investor) and retail inflows. This week, all eyes will now be on the US Fed interest rate decision, which will be announced on Wednesday.  

According to the options data, as per the 21 September expiry, the max call open interest (OI) build-up is at 20,200. It means that this level could act as a resistance. On the other hand, the max put OI build-up is at the 20,100 level – which could act as a support. 


46,231 ▲ 230 (+0.5%) 
Max Pain: 46,100
PCR: 1.0 
20 September Expiry

The BANK NIFTY index has also posted gains for the third consecutive week. The index is currently trading at its record high. Generally, previous major highs are considered as a resistance.   

Meanwhile, according to the options data, sizable call positions can be seen at the 46,500 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 46,000 level. 

India VIX

The volatility index declined 3.6% and settled at 10.9. 

Stock Action

Long build-up: Bajaj Auto, HeroMoto, M&M, Tata Motors, Bharti Airtel

Short build-up: BPCL, HUL, Asian Paints, Britannia, NTPC


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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