Trade setup for Dec 10: Will NIFTY50 bounce back on Wednesday or fall further?

2 min read | Updated on December 10, 2025, 07:43 IST

SUMMARY

GIFT NIFTY futures indicate another weak start for NIFTY50 on Wednesday. The options data indicate strong resistance at 26,000 for the current weekly expiry of 16 Dec 2025.

Nifty PSU Bank took the lead among gainers’ lists among sectors, rising 1.51%, followed by Nifty IT (0.9%), Nifty Auto (0.74%), Nifty Metal (0.67%) and Nifty Private Bank (0.49%). Image: Shutterstock

Broader markets outperformed the NIFTY50 on Tuesday by gaining nearly 1%. |Image: Shutterstock.

NIFTY50

Max call OI:26,000

Max put OI:25,500

(Ten strikes to ATM, 16 Dec expiry)

NIFTY50 closed in red on the second consecutive day amid selling pressure in IT stocks. However, broader markets outperformed the benchmark index by a wide margin as NIFTY Midcap 100 and Smallcap 100 closed 0.3% & 1.1% higher on Tuesday. The trade setup for Wednesday continues to remain under bearish pressure as NIFTY50 witnesses heavy selling pressure at higher levels. The GIFT NIFTY futures indicate a weak start for NIFTY50 on Wednesday, as it traded 36 points lower.

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On the technical front, the NIFTY50 index formed a Doji candlestick pattern on Tuesday, indicating indecisiveness after the recent breakdown below 26,000. The index closed below the 20-SMA for the second consecutive session, indicating bearish sentiment in the near term.

On the options data front, the initial buildup for the coming weekly expiry indicates a range of 25,500 to 26,000. The 26,000 calls held the highest open interest, indicating a strong resistance for the 16 Dec expiry. While 25,500 puts held the highest open interest, indicating strong support for the current expiry.

Stock Scanner

Long buildup: -

Short buildup: - Asian Paints

Top traded futures contracts: Indigo, BSE

Top traded options contracts: Reliance 1580 CE, TCS 3300 CE

F&O securities under ban: Bandhan Bank, Samman Capital,

F&O securities out of the ban: Kaynes Technologies

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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