Expiry trade setup: Will NIFTY50 hold support of 25,000 on Thursday? Here's all you need to know

NIFTY50

Max call OI:25,500

Max put OI:25,000

NIFTY50 closed in red on Wednesday after facing selling pressure at higher levels. The index continued to hold the key support levels of 25,000 after bouncing sharply on 6th June 2025. The Wednesday trading session witnessed strong volatility with NIFTY50 closing 174 points lower.

On technical charts, the index has formed a doji pattern, indicating a reversal from the current uptrend in the index. However, experts believe a closing below yesterday’s low could confirm the reversal on charts.

On the options front, the 25,500 calls hold the highest open interest for today’s expiry, and the 25,000 put holds the highest open interest on the downside, indicating strong support at these levels.

Bullish outlook

Traders with bullish sentiment can execute a long call strategy by buying 25,100 calls. The strategy would turn profitable after the index moves above 25,183.

Bearish outlook

Traders with a bearish outlook can execute a long put strategy by buying a put strike of 25,150. The strategy would turn profitable after the index moves below the 25,059 level.