The Nifty 50’s seven-day winning streak helped the index close above the 25,000 mark for the first time in the last three weeks, while also defending the previous day's low of 24,900 on September 11. The breakout above the falling resistance trendline, bullish crossover in momentum indicators, and rising short-term moving averages all signal a positive trend ahead. According to experts, sustaining above the 25,000 level in upcoming sessions is crucial for an uptrend toward the immediate hurdle at the 25,200–25,250 zone, followed by 25,500. On the downside, the immediate key support is placed at 24,900–24,800 levels.
Here are 15 data points we have collated to help you spot profitable trades:
1) Key Levels For The Nifty 50 (25,006)
Resistance based on pivot points: 25,031, 25,054, and 25,091
Support based on pivot points: 24,957, 24,934, and 24,897
Special Formation: The Nifty 50 formed a bullish candle with a minor upper shadow within the previous day's range on the daily charts, indicating positive bias amid rangebound trading. The 10-day EMA has crossed above both the 20-day and 50-day EMAs, with an expansion in the upper Bollinger Bands. The Relative Strength Index (RSI) climbed to 57.79 with a positive crossover. The MACD showed a bullish crossover, rising above the red signal line, while the histogram gained strength. All these indicators point toward continued bullish momentum.
2) Key Levels For The Bank Nifty (54,670)
Resistance based on pivot points: 54,745, 54,829, and 54,965
Support based on pivot points: 54,474, 54,390, and 54,255
Resistance based on Fibonacci retracement: 54,118, 55,598
Support based on Fibonacci retracement: 54,418, 53,418
Special Formation: The Bank Nifty also formed a bullish candle with a minor upper shadow on the daily timeframe and surpassed the 20-day EMA, signaling growing strength. The index continued to hold above the 10-day EMA, which remains in an upward trend. The RSI rose further to 47.42 with a positive crossover. The MACD maintained a bullish crossover, although it remains below the zero line, while the histogram showed further gains. Together, these developments indicate a strengthening trend in the Bank Nifty.
According to the weekly options data, the 26,000 strike holds the maximum Call open interest (with 1.22 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 25,500 strike (1.04 crore contracts), and the 25,000 strike (98.49 lakh contracts).
Maximum Call writing was observed at the 25,400 strike, which saw an addition of 30.35 lakh contracts, followed by the 25,500 and 26,000 strikes, which added 27.34 lakh and 25.26 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,950 strike, which shed 4.57 lakh contracts, followed by the 24,800 and 24,850 strikes, which shed 1.81 lakh and 87,525 contracts, respectively.
On the Put side, the maximum Put open interest was seen at the 25,000 strike (with 1.51 crore contracts), which can act as a key support level for the Nifty. It was followed by the 24,900 strike (1.05 crore contracts) and the 24,500 strike (89.42 lakh contracts).
The maximum Put writing was placed at the 25,000 strike, which saw an addition of 56.8 lakh contracts, followed by the 24,900 and 24,950 strikes, which added 35.1 lakh and 23.69 lakh contracts, respectively. There was hardly any Put unwinding seen in the 24,300-26,000 strike band.
5) Bank Nifty Call Options Data
According to the monthly options data, the maximum Call open interest was placed at the 56,000 strike, with 12.77 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,000 strike (12.14 lakh contracts) and the 55,500 strike (7.9 lakh contracts).
Maximum Call writing was observed at the 54,900 strike (with the addition of 44,625 contracts), followed by the 56,200 strike (18,270 contracts), and the 54,700 strike (16,450 contracts). The maximum Call unwinding was seen at the 54,500 strike, which shed 1.25 lakh contracts, followed by 55,000 and 54,000 strikes, which shed 77,945 and 48,615 contracts, respectively.
6) Bank Nifty Put Options Data
On the Put side, the 54,000 strike holds the maximum Put open interest (with 14.08 lakh contracts), which can act as a key support level for the index. This was followed by the 54,500 strike (10.52 lakh contracts) and the 53,000 strike (9.26 lakh contracts).
The maximum Put writing was observed at the 54,500 strike (which added 1.05 lakh contracts), followed by the 54,700 strike (90,650 contracts) and the 54,600 strike (85,050 contracts). The maximum Put winding was seen at the 55,200 strike, which shed 12,670 contracts, followed by the 54,000 and 56,500 strikes, which shed 10,815 and 8,540 contracts, respectively.
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 1.17 on September 11, compared to 1.15 in the previous session.
The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.
9) India VIX
The India VIX, which measures expected market volatility, dropped further on Thursday, falling 1.68 percent to close at 10.36 — the lowest level since April 24, 2024 (a nearly 17-month low). This continued decline reflects greater comfort for bulls, market stability, and low volatility, which are all supportive of the current uptrend.
A long build-up was seen in 55 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.
11) Long Unwinding (38 Stocks)
38 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.
12) Short Build-up (60 Stocks)
60 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.
13) Short-Covering (61 Stocks)
61 stocks saw short-covering, meaning a decrease in OI, along with a price increase.
Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Oracle Financial Services Software
Stocks retained in F&O ban: RBL Bank
Stocks removed from F&O ban: Nil
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