Trade setup for Jan 12: Will NIFTY50 bounce back from lower levels on Monday?

2 min read | Updated on January 12, 2026, 08:08 IST

SUMMARY

The global market cues remain mixed, with US market futures falling nearly 0.5% on Monday morning amid fresh geopolitical tensions. The GIFT NIFTY futures indicate a muted start for Indian markets on Monday morning.

The broader market was trading in green in the early trade, with both the Nifty Midcap 100 and the Nifty Smallcap 100 rising 0.60% and 0.52%, respectively. Image: Shutterstock

GIFT NIFTY futures traded 21 points lower indicating a gap down opening for Indian markets on Monday. Image: Shutterstock.

NIFTY50

Max call OI:26,000

Max put OI:25,500

(Ten strikes to ATM, 13 Jan expiry)

NIFTY50 closed the previous week with 2.4% losses amid fresh tariff threats. Additionally, some comments by the US government official also indicate a delay in the trade deal with the US, which further soured the investor sentiment on Friday. However, investors and market participants are now focusing on the upcoming quarterly earnings season. The Asian market cues remain positive with Japanese markets hitting fresh record highs on Monday morning.

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The GIFT NIFTY futures traded 21 points lower on Monday morning, indicating a flat start for Indian markets after the sell-off in the previous week.

On the technical charts, the NIFTY50 index broke the key support levels of 25,700 on Friday and closed near the weekly 20-EMA level of 25,643. This indicates a medium-term support level for markets. Experts believe, for the index to bounce back above 26,000 this week, the NIFTY50 should close above the 20-EMA levels by Friday.

On the options data front, the 26,000 calls hold the highest open interest for tomorrow’s expiry, indicating strong resistance. While 25,500 puts hold the highest open interest on the downside, indicating a near-term support for the index.

Stock Scanner

Long buildup: -

Short buildup: Adani Enterprises

Top traded futures contracts: IEX

Top traded options contracts: TCS 3,300 CE

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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.

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