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  1. Trade setup for July 8: NIFTY50 in consolidation mode; options data indicates 25,500 as resistance; check details

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Trade setup for July 8: NIFTY50 in consolidation mode; options data indicates 25,500 as resistance; check details

Upstox

2 min read | Updated on July 08, 2025, 07:57 IST

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SUMMARY

NIFTY50 is expected to open in the red on Tuesday morning amid weak global cues. The index continues to trade in consolidation mode with resistance at the 25,500 levels. Experts believe the index could break out of the consolidation range on Tuesday to decide the future direction for the index.

Gainers and losers

GIFT nifty indicates 25 points lower opening for Indian markets on Tuesday.

NIFTY50

Max call OI:25,500

Max put OI:25,000

(Ten strikes to ATM, 10 July expiry)

NIFTY50 closed largely unchanged on Monday amid the anxiety over the tariff relaxation deadline ahead on 09 July. The index traded in a very narrow range of 25,400 to 25,480, indicating indecisiveness amongst traders on the next direction for the index Nifty50_2025-07-08_07-49-25.png On technical charts, the index formed a doji pattern on the daily chart, indicating indecision about the future direction of the index prices. Broadly, the index remains in a consolidation mode, ranging between 25,300 and 25,500 this week.
nifty08july.PNG On the options data front, the 25,500 calls hold the highest open interest, indicating strong resistance for this week’s expiry. Similarly, on the downside, the 25,000 puts hold the highest open interest, indicating a strong support on the downside for NIFTY50.

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Long buildup:

Short buildup: BEL

Top traded futures contracts: Hindunlvr, BEL, Reliance

Top traded options contracts: Reliance 1600 CE, SBIN 840 CE

F&O securities under ban: RBL Bank

F&O securities out of 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.

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