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  1. Trade setup for July 1: NIFTY50 faces resistance at higher levels, will it consolidate further? all you need to know

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Trade setup for July 1: NIFTY50 faces resistance at higher levels, will it consolidate further? all you need to know

Upstox

2 min read | Updated on July 01, 2025, 07:43 IST

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SUMMARY

GIFT NIFTY futures trade 26 points higher on Tuesday morning, indicating a positive opening for Indian markets. The benchmark NIFTY50 faced resistance at higher levels on Monday amid profit booking. Options data for the current weekly expiry indicates a strong resistance at 26,000 and support at 25,500.

Trading

GIFT NIFTY futures traded 26 points higher on Tuesday morning.

NIFTY50

Max call OI:26,000

Max put OI:25,500

(Ten strikes to ATM, 03 July expiry)

NIFTY50 snapped the four-day winning streak by closing 120 points lower on Monday amid renewed concerns over the tariff war. The index continued to face resistance at higher levels. Experts believe that after a four-day winning streak, the index could consolidate before rallying ahead to record high levels.

Nifty-50_2025-07-01_07-14-51.webp On technical charts, NIFTY50 traded at the upper Bollinger band after a strong rally and breaking out of the consolidation. The outlook remains bullish with some cautiousness on consolidation in the short term. Experts see 25,200 as a crucial support for the index, which was also the previous resistance.
On the options data front, the 26,000 calls witnessed heavy open interest addition on Monday, indicating a strong resistance at these levels. Similarly, 25,500 puts hold the highest open interest on the downside, indicating strong support for the current expiry of the NIFTY50. nifty01july.PNG

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Long buildup: Trent, SBIN

Short buildup: Tata Consumer, Hero MotoCorp, Maruti Suzuki

Top traded futures contracts: SBIN, Reliance

Top traded options contracts: SBI 860 CE, SBI 790 PE

F&O securities under ban: RBL Bank

F&O securities out of the ban: NIL

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
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