Trade setup for Sept 11: Will NIFTY50 close above 25,000 on Thursday? check details

NIFTY50

Max call OI:25,000

Max put OI:25,000

(Ten strikes to the ATM, 16 Sep expiry)

The NIFTY50 continued its march ahead on Wednesday despite volatility. The traded above 25,000 for a brief period of time but later gave up early gains to trade close below 25,000 at the end of the session. President Trump’s social media post on the ongoing negotiations for trade tariffs. The US markets are making new record highs daily as they expect the Federal Reserve to cut interest rates more than once in the remaining 2025.

On the technical side, the NIFTY50 gave a breakout above the swing high trendline of lower highs made in the recent few months. However, the index formed a doji candlestick pattern, indicating a neutral stance for the index on Thursday.

The options data also indicates a neutral stance for indices' direction, as the open interest for the coming expiry indicates the highest open interest on 25,000 calls and puts.

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Long buildup: -

Short buildup: -

Top traded futures contracts: Infy, Kotak Mahindra Bank

Top traded options contracts: TCS 3200 CE, Infy 1600 CE

F&O securities under ban: RBL Bank

F&O securities out of the ban: NIL

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