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  1. Trade setup for Oct 1: NIFTY50 holds 24,600 support, will it bounce back? Check details

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Trade setup for Oct 1: NIFTY50 holds 24,600 support, will it bounce back? Check details

Upstox

2 min read | Updated on October 01, 2025, 07:55 IST

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SUMMARY

GIFT NIFTY futures indicate a gap opening for Indian markets on Wednesday. The technical charts show 24,600 as a crucial support level.

GIFT NIFTY futures indicate a positive start for NIFTY50 on Wednesday.

In the last six trading session, the SENSEX has dropped as much as 2.78% and NIFTY50 index has plunged 2.75%. | Image: Shutterstock

NIFTY50

Max call OI: 25,000

Max put OI:24,600

(Ten strikes to ATM, 07 Oct expiry)

NIFTY50 continued to reel under pressure as the market participants await the key monetary policy decision today. Investors will keenly watch the RBI's commentary on the evolving geopolitical situation around the trade war scenario. The GIFT NIFTY futures indicate a positive start for the index on the first day of October.

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Nifty50_2025-10-01_07-21-46.png On the technical front, the index held the crucial support levels of 24,600, indicating renewed buying at lower levels. However, a weekly close above these levels could lead to the index. According to the experts, a monthly close above 25,000 could lead the index to a strong bounce back towards previous record highs.
nifty01oct.png On the options data front, the early open interest buildup on the 25,000 calls indicates a strong resistance. On the downside, the 24,600 puts hold the highest open interest, indicating a crucial support for the coming weekly expiry.

On the options data front, the 25,000 calls hold the highest open interest, indicating a strong resistance on the upside. Similarly, the 24,500 puts hold the highest open interest, indicating a crucial support for tomorrow’s monthly expiry.

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Long buildup: - HeroMoto Corp, JSW Steel

Short buildup: - ITC, Bharti Airtel

Top traded futures contracts: Reliance, ICICI Bank

Top traded options contracts: SBIN 920 CE, SBIN 840 PE

F&O securities under ban: Sammancap

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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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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