return to news
  1. Trade setup for Aug 11: Will NIFTY50 bounce back or continue the fall on Monday?

Market News

Trade setup for Aug 11: Will NIFTY50 bounce back or continue the fall on Monday?

Upstox

2 min read | Updated on August 11, 2025, 08:09 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

GIFT NIFTY futures indicate a 41 points gap up opening for Indian markets on Monday. The global cues remain weak with no fresh cues from the trade negotiations between the US and India. The options data indicates 24,500 as resistance level for the current expiry.

Stocks to watch

The GIFT NIFTY futures suggest that the NIFTY50 index will open 41 points higher. | Image: Shutterstock

NIFTY50

Max call OI:24,500

Max put OI:24,000

(Ten strikes to the ATM,14 Aug expiry)

NIFTY50 closed in red for sixth consecutive week after sharp selloff on Friday. The index fell below crucial support levels of 24,500 and closed below it. The tariff jitters continued to hit markets as Trump ruled out trade talks with India and Prime Minister Modi said he will never compromise on Farmer’s interest. Experts believe the overall outlook remains bearish with nearest support at 24,150 levels.

Nifty50_2025-08-11_07-37-05.png On the technical charts, the NIFTY50 shows weakness on weekly charts as it closed below the 21 EMA levels on Friday indicating medium term weak outlook for the index.
Nifty50_2025-08-11_08-07-03.png On the daily charts, the index eyes to fill the gap from 24,164 to 24,414. Experts believe, index could close the gap in the near term, which indicates more bearishness for the markets.
On the options data front, the 24,500 calls hold the highest open interest, indicating strong resistance at these levels for the coming expiry. Similarly, the 24,000 puts hold the highest open interest on the downside, indicating strong support for the expiry. nifty11aug.png

Stock Scanner

Long buildup: -

Short buildup: -Nestle India, IndusInd Bank

Top traded futures contracts: Bharti Airtel, SBIN, HDFC Bank

Top traded options contracts: SBIN 820 CE, SBIN 830 CE

F&O securities under ban: RBL Bank, PNB Housing

F&O securities out of the ban:

To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply log in: 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.
promotion image

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.