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  1. Trade setup for Sept 2: NIFTY50 bounces back from lower levels, will it sustain on expiry day?

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Trade setup for Sept 2: NIFTY50 bounces back from lower levels, will it sustain on expiry day?

Upstox

2 min read | Updated on September 02, 2025, 07:52 IST

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SUMMARY

GIFT NIFTY futures indicate a positive opening for Indian markets on Tuesday. The options data for today's expiry indicates a trading range of 24,500 to 25,000, with the highest open interest on the strike prices.

Stocks

GIFT NIFTY indicates a positive start for markets on Tuesday.

NIFTY50

Max call OI:25,000

Max put OI:24,500 (Ten strike to ATM, 02 Sep expiry)

The NIFTY50 bounced back on Monday by almost 200 points amid strong GDP growth in Q1. The bounce back was led by auto companies, which posted steady sales numbers for August. Experts believe the index could sustain above 24,500 on Tuesday, leading to a rally towards 25,000. Nifty50_2025-09-02_07-46-22.png On the technical front, the index posted an open-low same candlestick formation, which indicates strength in Monday’s rally. Experts believe, index could continue its momentum towards the 20 SMA levels of 24,735. A close above these levels could lead to a further rally above 25,000
nifty02sep.png On the options data front, 24,500 puts witnessed heavy open interest addition, indicating strong support for today’s expiry. On the other hand, 25,000 calls hold the highest open interest, indicating the nearest support for today’s expiry.

Bullish outlook

Traders with bullish sentiment can execute a long call strategy by buying 24,600 calls. The strategy would turn profitable after the index moves above 24,673.

Bearish outlook

Traders with a bearish outlook can execute a long put strategy by buying a put strike of 24,700. The strategy would turn profitable after the index moves below the 24,615 level.

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.
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