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  5. Trade setup for Oct 16: Will NIFTY50 hold the bullish momentum above 25,300 on Thursday?

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Trade setup for Oct 16: Will NIFTY50 hold the bullish momentum above 25,300 on Thursday?

Upstox
By Upstox News Desk

2 min read | Updated on October 16, 2025, 07:54 IST

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SUMMARY

GIFT NIFTY futures indicate a positive start for the index on Thursday as global cues turn positive. The index closed above 25,300 levels on Wednesday, experts believe for this bullish momentum to continue, the index should close above at current levels on weekly basis.

As many as 33 stocks advanced in the early session on the NIFTY50 index, while 15 declined and three remained unchanged. Image: Shutterstock

As many as 33 stocks advanced in the early session on the NIFTY50 index, while 15 declined and three remained unchanged. Image: Shutterstock

NIFTY50

Max call OI:25,500

Max put OI:25,300

(Ten strikes to ATM, 22 Oct expiry)

NIFTY50 bounced back strongly on Wednesday as global cues turned positive, and quarterly earnings showed steady performances. The index managed to close above the psychological resistance level of 25,300, reversing the bearish momentum to bullish.

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Nifty50_2025-10-16_07-51-45.png

On the technical front, market participants are waiting for the index to close above the crucial swing high trendline resistance level for a weekly close. The index has taken strong resistance at these levels. According to the experts, a weekly breakout above these levels could spur bullish momentum in the markets.

nifty16oct.png

On the options data front, the 25,300 puts hold the highest open interest, indicating a strong support level for the coming weekly expiry. On the upside, the 25,500 calls hold the highest open interest, indicating a strong resistance for the index.

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Long buildup: - Nestle India, Bajaj Finance

Short buildup: - Infy

Top traded futures contracts: Persistent, Axis Bank

Top traded options contracts: SBIN 900 CE, Infy 1560 CE

F&O securities under ban: RBL Bank

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

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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