Expiry trade setup: Will NIFTY50 hold the 25,200 levels on Thursday? here's all you need to know

NIFTY50

Max call OI: 25,500

Max put OI: 25,200

(Ten strikes to ATM, 26 June Expiry)

NIFTY50 continued to march ahead with a 200-point rally and closed at the highest level in 2025. The index negated the shooting star reversal by closing in green. Experts believe that a weekly close around current levels could lead to a rally towards record-high levels. On technical charts, the index is trading on the upper band of the Bollinger band and closed above the crucial resistance level of 25,200 on Wednesday. This indicates continuity in the bullish outlook for the index

Bullish outlook Traders with bullish sentiment can execute a long call strategy by buying 25,200 calls. The strategy would turn profitable after the index moves above 24,294.

Bearish outlook Traders with a bearish outlook can execute a long put strategy by buying a put strike of 25,250. The strategy would turn profitable after the index moves below the 24,187 level.

On the options data front, the 25,200 calls witnessed strong unwinding in open interest on Wednesday as the index closed above the 25,200 levels. Now, 25,500 calls hold the highest open interest on the upside. Similarly, on the downside, 25,200 puts hold the highest open interest, indicating strong support for today’s expiry.