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  1. Trade setup for August 12: Will the bounce back in NIFTY50 sustain on Tuesday?

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Trade setup for August 12: Will the bounce back in NIFTY50 sustain on Tuesday?

Upstox

2 min read | Updated on August 12, 2025, 07:44 IST

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SUMMARY

GIFT NIFTY futures indicate a positive start for Indian markets on Tuesday after a sharp bounceback on Monday. The index witnessed heavy buying by domestic investors bought Indian equities worth ₹6000 crore on Monday. The options data indicates that 24,400 to 24,500 now remains crucial support for the NIFTY50.

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GIFT NIFTY futures indicate a positive start for NIFTY50 on Tuesday. Image source: Shutterstock.

NIFTY50

Max call OI:25,000

Max put OI:24,400

(Ten strikes to the ATM, 14 August expiry)

NIFTY50 posted a sharp bounceback on Monday, recouping all the losses of Friday. The index started the week on a positive note as DIIs poured nearly ₹6000 crore into the Indian equities. With the bounceback, the index regained the crucial support levels of 24,500 on Monday, adding hopes to bullish traders.

On technical charts, the index formed a bullish engulfing pattern as it recouped almost all the losses from the previous trading day. Experts believe the index could move in the near term towards the 21 EMA level of 24,800 amid continued short covering in the index. Nifty50_2025-08-12_07-41-21.png On the options data front, the 25,000 calls now hold the highest open interest after 24,500 calls witnessed heavy unwinding of positions on Monday, which held the highest open interest previously. Similarly, on the downside, the 24,400 and 24,500 puts witnessed heavy open interest addition, indicating support for the current weekly expiry in this range. nifty12aug.png

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Long buildup: - Eternal, Jio Finance

Short buildup: -

Top traded futures contracts: SBIN, PGEL, Tata Motors, HDFC Bank

Top traded options contracts: SBIN 840 CE, SBIN 800 PE

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

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.

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