3 weeks ago
F&O Tracker: Bulls See Traction in Nifty Futures
The article studies whether two Indian stock-market indexes may rise or fall.
The Nifty 50 went down last week, while the Nifty Bank went up.
Analysts expect both indexes could gain if important support levels hold.
Nifty 50 futures may rise toward 24,750 after a possible purchase near 24,300.
Nifty Bank futures have moved sideways between 57,500 and 58,500 for more than three weeks.
A move above 58,500 could signal a stronger rise.
Traders are also showing positive expectations through their options positions.
However, falling below key support levels could make either index weaker.
The suggested trades include stop-loss levels to limit potential losses.
Nifty 50 fell 0.5% last week, while Nifty Bank gained 0.5%.
Nifty futures (September) have support at 24,250 and 24,100, with resistance at 24,600 and 24,850.
Positive option ratios support a possible Nifty futures rally despite a reported September-futures short build-up.
Nifty Bank futures remain range-bound between 57,500 and 58,500, with a breakout potentially targeting 59,300 and 60,000.
The recommended trades are to buy Nifty futures near 24,300 and go long on Nifty Bank futures at 58,044.
- Who
- Traders and analysts monitoring Nifty 50 and Nifty Bank futures and options.
- What
- A derivatives analysis forecasts possible rallies in September futures contracts for both indices and provides trading strategies.
- Where
- The article concerns the Nifty 50 and Nifty Bank derivatives market; a specific location is not stated.
- When
- Published August 22, 2026; August contracts were scheduled to expire on Tuesday, August 25.
- Why
- The analysis evaluates price levels, open interest and Put Call Ratios to assess the likely direction of the indices.
Bullish Case
Bearish Risks
Nifty 50 direction
Bullish Case
Support at 24,250 and 24,100, along with PCR readings above 1, suggests the September futures could rally toward 24,750.
Bearish Risks
A breach of 24,100 could turn the near-term trend bearish, with possible supports at 24,000 and 23,800.
Nifty Bank breakout
Bullish Case
A move above 58,500 could begin a fresh rally toward 59,300 and then 60,000; rising open interest and a PCR near 1.4 are described as positive signs.
Bearish Risks
Failure to break the range or a move below 57,500 could lead to declines toward 57,000 and 56,500.
Derivatives signals
Bullish Case
Option traders showed positive expectations because both cited Put Call Ratios were above 1, and Nifty Bank futures open interest rose while the underlying index gained.
Bearish Risks
Nifty September futures fell 0.8% while open interest rose sharply, indicating a short build-up, although the article notes that contract expiry may have contributed to the increase.
Key facts
- Nifty 50 weekly performance
- Lost 0.5%; index level cited at 24,252.
- Nifty Bank weekly performance
- Gained 0.5%; index level cited at 57,762.
- Nifty futures September support
- 24,250 and 24,100.
- Nifty futures September resistance
- 24,600, followed by 24,850.
- Nifty Bank futures range
- 57,500 to 58,500 over more than three weeks.
- Nifty options PCR
- September Put Call Ratio stood at 1.3.
- Nifty Bank options PCR
- September Put Call Ratio stood at nearly 1.4.
Sources
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