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  5. Expiry trade setup: Will NIFTY50 hold 25,000 support on Tuesday? Check details

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Expiry trade setup: Will NIFTY50 hold 25,000 support on Tuesday? Check details

Upstox
By Upstox News Desk

3 min read | Updated on January 27, 2026, 07:07 IST

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SUMMARY

The January monthly contracts will expire today for NIFTY50. The index has delivered -4.1% returns in January to date, starting the new year on a negative note. The 27th January options data indicate a broad range of trades from 25,000 to 25,500.

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NIFTY50 delivered -4.1% returns in January to date. Image: Shutterstock.

NIFTY50

Max call OI:25,500

Max put OI:25,000

(Ten strikes to ATM, 27 Jan expiry)

NIFTY50 posted the worst weekly loss in three months as geopolitical risks clouded the investor sentiment across the globe. With the looming India-US trade deal and persistent new threats of additional tariffs added worry. However, the coming is expected to bring some cheer with the India-EU trade deal to be announced today. In addition, a softer tone by the US on the existing additional 25% tariffs on India could boost the investor sentiment in the coming week.

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Nifty50_2026-01-26_23-28-31.png

On the technical charts, the NIFTY50 closed at a crucial long-term support level of the weekly 50-EMA. On the daily charts, the index closed below the 200-EMA mark on Friday, turning the sentiment for the coming week bearish. However, a positive news flow on the geopolitical front could bring a gap opening for the index on Tuesday.

jan27.png On the options data front, the 25,500 calls held the highest open interest on the upside, indicating a strong resistance for today’s expiry. Similarly, the 25,000 puts held the highest open interest on the downside, indicating strong support for today’s expiry. With India Vix inching higher above 14, the expiry day volatility is expected to remain high.

Expiry outlook

Bullish outlook: Traders with bullish sentiment can execute a long call strategy by buying 25,000 calls. The strategy would turn profitable after the index moves above 25,157.
Bearish outlook: Traders with a bearish outlook can execute a long put strategy by buying a put strike of 25,100. The strategy would turn profitable after the index moves below the 24,849 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

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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