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  1. Trade setup for June 20: Will NIFTY50 breakout of consolidation mode on Friday? Check details

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Trade setup for June 20: Will NIFTY50 breakout of consolidation mode on Friday? Check details

Upstox

2 min read | Updated on June 20, 2025, 08:32 IST

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SUMMARY

GIFT NIFTY indicates a flat opening on Indian markets on Friday. The overall outlook remains neutral with no fresh buying interest at the index levels. Options data reveal the 25,000 level remains key resistance for the 26 June expiry.

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The GIFT NIFTY futures indicate flat opening for Indian markets on Friday. | Image: Shutterstock

NIFTY50

Max call OI:25,000

Max put OI:24,500

(Ten strikes to ATM, 26 June expiry)

NIFTY50 closed largely unchanged on Thursday after Indian markets continued to consolidate. The investor sentiment remains neutral as geopolitical risks continue to outweigh other cues for the markets. Experts believe the outlook remains neutral due lack of buying interest in the markets, with upside remaining capped at the 25,000 level.

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On the technical front, the index continues to hover around the 21 EMA level of 24,800 on NIFTY50. The index is likely to form an inverted hammer pattern on weekly charts, indicating a reversal previous week’s correction. However, experts believe the index could continue its time correction for a few more days. Nifty-50_2025-06-20_07-50-21.webp On the options front, 25,000 calls hold the highest open interest for the 26 June expiry, indicating the resistance remains at these levels. On the other hand, the downside remains capped with 24,500 puts holding the highest open interest for the coming weekly expiry. 20june.webp

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Long buildup:

Short buildup:

Top traded futures contracts: HDFC Bank, Reliance, BEL

Top traded options contracts: SBI 800 CE, SBI 790 CE

F&O securities under ban: ABFRL, BIOCON, CDSL, HUDCO, , MANAPPURAM, RBLBANK, TITAGARH

F&O securities out of ban: CHAMBAL FERTILIZER,IREDA

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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