Trade setup for Sept 15: Will NIFTY50 hold the gains above 25,000 on Monday?

NIFTY50 bounced back from lower levels in the previous week and closed above the 25,000 level, indicating a strong momentum in the index. President Trump’s willingness to engage in dialogue with PM Modi over trade talks, the Federal Reserve’s interest rate cut expectations this week are some of the key positive triggers for the market. On the technical front, the index closed above the swing high resistance line on a weekly basis, inducing bullish momentum in the index. In addition, the index also shows a positive crossover with 21 EMA crossing the 50 EMA from below, indicating sustained momentum in the index. On the options data front, the 25,000 puts hold the highest open interest, indicating strong support for the index. On the other hand, the 25,500 calls hold the highest open interest, indicating a strong resistance for tomorrow’s expiry.

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.