return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Trading
    /
  5. Trade setup for Feb 20: Will NIFTY bounce back above 25,500 levels on Friday?

Market News

Trade setup for Feb 20: Will NIFTY bounce back above 25,500 levels on Friday?

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
By Rohan Takalkar

2 min read | Updated on February 20, 2026, 07:43 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

GIFT NIFTY futures indicate for a flat start of the day on Friday morning amid mixed global cues. The US markets closed in red after geopolitcal tensions rise between Iran and the US.

As many as 40 stocks declined, while 11 were trading in green in the opening session on the NIFTY50 index. Image: Shutterstock

As many as 48 stocks declined, while 3 ended in green in the NIFTY50 index. Image: Shutterstock

NIFTY50

Max call OI:25,800

Max put OI:25,100

(Ten strikes to ATM, 24 Feb expiry)

Snapping their three-day winning streak, Indian equity benchmarks ended Thursday’s trading session deep in red, following broad-based selling across sectors. Investor sentiment was further weighed down by escalating tensions between the US and Iran. The global market cues remain mixed for Friday morning after US markets ended lower overnight and the Asian markets traded in green. The GIFT NIFTY futures traded 10 points higher on Friday morning, indicating for a flat start of the day.

Open FREE Demat Account within minutes!
Join now
Nifty50_2026-02-20_07-35-16.png

On the technical front, the NIFTY50 closed at the crucial trend line support levels of 25,400 after witnessing a bearish crossover on hourly charts. The index also formed a bearish engulfing pattern on the daily charts. Experts believe Friday’s closing below Thursday’s low level could intensify the bearish sentiment in the market and turn the trade setup bearish from mildly bullish.

feb20.png

On the options data front, the 25,800 calls witnessed heavy open interest addition and hold the highest open interest, indicating a strong resistance for the monthly expiry on 24th February. On the downside, the 25,000 puts witnessed heavy open interest addition, indicating a strong support for the NIFTY50.

Stock Scanner

Long buildup: -ONGC

Short buildup: Indigo, M&M

Top traded futures contracts: Infy, HDFC Bank

Top traded options contracts: Infy 1400 CE

F&O securities under ban:

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

WhatsApp Image 2025-01-20 at 11.25.23.jpeg
Rohan Takalkar is a senior writer at Upstox and a seasoned capital markets analyst with around 9 years of experience. He is passionate about writing on equities, global markets, and the economy.

Next Story