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Expiry trade setup: Will NIFTY50 close above 25,800 on Tuesday? Check details

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
By Rohan Takalkar

3 min read | Updated on February 17, 2026, 07:47 IST

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SUMMARY

The GIFT NIFTY futures indicate negative opening for the index on Tuesday morning, owing to mixed global cues. The NIFTY50 bounced back from lower levels on Monday by gaining over 200 points.

Driven by State Bank of India (7.6%), IndusInd Bank (2.76%) and Kotak Mahindra Bank (1.28%), Nifty Bank jumped 1% to close at 60,669.35 on Monday. Image: Shutterstock

GIFT NIFTY futures indicate a weak start of the day.

NIFTY50

Max call OI:26,000

Max put OI:25,000

(Ten strikes to ATM, 17 Feb expiry)

NIFTY50 settled with strong gains of nearly a per cent on Monday, as bulls opted to buy fundamentally strong stocks at lower level. Index made a cautious start and turned volatile during early deals amid concerns over AI disruptions, but later recouped all the losses to close in green. The global market cues for Tuesday remain mixed, with Japanese markets trading in the red. The other Asian markets remain closed on Tuesday.

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Nifty50_2026-02-17_07-32-31.png On the technical charts, the hourly charts show a sharp bounce back from lower levels, but continued to face resistance at the 50-EMA levels of 25,682. The index crossed 20 EMA levels and the charts show a potential positive crossover of 20 EMA crossing 50 EMA. Experts believe the index could regain positive momentum if it closes above the 50 EMA on Tuesday.
feb17.png

On the options data front, the 25,500 puts witnessed heavy open interest addition ahead of the weekly expiry and held the highest open interest, indicating a strong support for the index on the downside. On the flipside, the 26,000 calls held the highest open interest, indicating a strong resistance for today’s expiry.

Expiry outlook

Bullish outlook: Traders with bullish sentiment can execute a long call strategy by buying 25,600 calls. The strategy would turn profitable after the index moves above 25,739.
Bearish outlook: Traders with a bearish outlook can execute a long put strategy by buying a put strike of 25,700. The strategy would turn profitable after the index moves below the 25,629 level.

To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply visit:

https://pro.upstox.com/ --> F&O --> Options smartlist/Futures smartlist. In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with a price increase, and short build-up means an increase in Open Interest(OI) along with a price decrease—source: Upstox and NSE.
Disclaimer: 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 or strategies for trading. The securities quoted are exemplary and are not recommended. The stock names mentioned in this article are purely for showing how to do analysis.
SIP
Consistency beats timing.
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About The Author

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
Rohan Takalkar is a senior writer at Upstox and a seasoned capital markets analyst with around 9 years of experience. He is passionate about writing on equities, global markets, and the economy.

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