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  5. Trade setup for Nov 21: Will NIFTY50 give a record closing on Friday? Check details

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Trade setup for Nov 21: Will NIFTY50 give a record closing on Friday? Check details

Upstox
By Upstox News Desk

2 min read | Updated on November 21, 2025, 07:38 IST

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SUMMARY

GIFT NIFTY futures indicate a negative start for the day for NIFTY50 amid weak global cues. The US-tech-heavy index, Nasdaq, closed 2.4% lower amid rising concerns over AI-related stock valuations. On the options data front, the 26,000 remains a crucial support, while 26,500 is a near-term resistance.

The broader market ended mixed, with the Nifty Midcap 100 index rising 0.63% to 59,843.15, supported by strong gains in L&T Finance (10.65%), BSE Ltd (8.61%), and Vodafone Idea (3.67%). Image: Shutterstock

GIFT NIFTY futures indicate a weak start for NIFTY50 on Friday.

NIFTY50

Max call OI: 26,500

Max put OI: 26,000

NIFTY50 ended near an all-time high points on Thursday. Index made a gap-up start following firm cues from global markets. Further, the market continued to trade in green during the morning session amid fresh foreign fund inflow. As per exchange data, FIIs bought equities worth ₹705 crore on Thursday.

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The global cues turned weak on Thursday night as concerns over massive overvaluation and euphoria in the AI-related stocks created selling pressure in the tech stocks. Consequently, the NASDAQ closed 2.4% lower, followed by, S&P500 and Dow Jones at 1.5% and 0.8%. Additionally, expectations for a tighter rate cut cycle soured investor sentiments.

Nifty50_2025-11-21_07-10-05.png

On the technical front, the index is now eyeing to break the previous record high levels of 26,277 on a closing basis. According to the experts, 26,000 remains a crucial support for NIFTY50 for the coming days.

NIFTy50221nov.png

On the options data front, the 26,000 puts held the highest open interest on the downside, indicating a strong support for NIFTY50 for the monthly expiry on 25th November. The upside remains capped at 26,500 with the highest open interest on the call side.

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Long buildup: - Eicher Motors, Bajaj Finserv

Short buildup: -

Top traded futures contracts: HDFC Bank

Top traded options contracts: Reliance 1560 CE

F&O securities under ban: SAIL, Samman Capital

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
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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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