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  5. Trade setup for Sept 17: Will NIFTY50 hold the gains above 25,200 on Wednesday?

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Trade setup for Sept 17: Will NIFTY50 hold the gains above 25,200 on Wednesday?

Upstox
By Upstox News Desk

2 min read | Updated on September 17, 2025, 07:55 IST

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SUMMARY

GIFT NIFTY futures indicate a positive start for Indian markets on Wednesday. The index bounced back from lower levels to trade above 25,200 levels on Tuesday. Options data indicate 25,200 is a crucial support for the coming weekly expiry.

As many as 34 stocks advanced in the early session on the NIFTY50 index, while 16 declined.

GIFT NIFTY futures indicate a positive start for Indian markets. Image source: Shutterstock.

NIFTY50

Max call OI:25,500

Max put OI:25,200

(Ten strikes to ATM, 23rd September expiry)

Indian benchmark indices posted a sharp rally on Tuesday amid positive global cues. The US trade delegation concluded the negotiations with a positive outlook on the trade deal. Markets rejoiced at the breakthrough in the trade deal situation. In addition,

On the technical front, NIFTY50 closed above the crucial swing high resistance levels of 25,200, indicating renewed momentum in the index. The index now faces resistance at the 25,500 levels. On the downside, the support remains at the 25,000 levels. Nifty50_2025-09-17_07-25-05.png
On the options data front, the early open interest buildup indicates 25,500 as crucial resistance, with the highest open interest on the call side. Similarly, 25,200 puts hold the highest open interest on the downside, indicating a strong support for the coming weekly expiry. nifty17sep.png

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Long buildup: - Kotak Mahindra Bank, LT

Short buildup: -

Top traded futures contracts: Kotak Mahindra Bank, HDFC Bank, Reliance

Top traded options contracts: SBIN 850 CE, TCS 3200 CE

F&O securities under ban: RBL Bank, Angel One, HFCL, OFSS

F&O securities out of the ban: NIL

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