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  5. Trade setup for Dec 16: Will NIFTY50 close with gains on expiry day?

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Trade setup for Dec 16: Will NIFTY50 close with gains on expiry day?

Upstox
By Upstox News Desk

2 min read | Updated on December 16, 2025, 08:47 IST

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SUMMARY

GIFT NIFTY futures indicate a gap-down opening for NIFTY50 on Tuesday morning owing to weak global cues. On the other hand, options data indicate a narrow trade range for NIFTY50 on expiry day at 25,900 to 26,200.

Markets

GIFT NIFTY indicates weak opening for NIFTY50 on Tuesday. Image: Shutterstock.

NIFTY50

Max call OI: 26,200

Max put OI:25,900

(Ten strikes to the ATM, 16 Dec expiry)

NIFTY50 showed strong resilience against the global pressures on Monday and recouped the majority of the opening losses. Stable wholesale inflation reading for October boosted investor sentiment. The US markets continued to slide further on Monday as key indices failed to hold the gains. The NASDAQ closed 0.5% lower, while the Dow Jones and S&P 500 ended on a flat note.

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Nifty50_2025-12-16_08-16-55.png

On the technical charts, the index maintained the momentum by closing above the 20-EMA level of 25,966 on Monday. Experts believe the index would continue to consolidate further on expiry day amid mixed global cues.

NIFTY16dec.png

On the options data front, the 26,200 calls hold the highest open interest, indicating a strong resistance for today’s expiry. Similarly, 25,900 puts hold the highest open interest, indicating near-term support and a narrow range of expiry trade on Tuesday.

Expiry outlook

Bullish outlook: Traders with bullish sentiment can execute a long call strategy by buying 26,000 calls. The strategy would turn profitable after the index moves above 26,071.
Bearish outlook: Traders with a bearish outlook can execute a long put strategy by buying a put strike of 26,100. The strategy would turn profitable after the index moves below the 25,996 level.

To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply visit:

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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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.

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