Business · Markets · 1 hr ago
Nifty weekly expiry puts 22,250–22,500 range in focus
India’s Nifty 50 index fell 0.7% on Monday to 22,363, after dropping much further during the day.
Analysts say the recovery that began with a sharp rise on Friday has lost momentum.
Tuesday is the index’s weekly options expiry, when contracts linked to its expected level end, and trading can become more volatile.
One analyst put the main range of interest at 22,250–22,500, while others identified nearby support around 22,200–22,300 and resistance around 22,400–22,600.
Options positions showed more pressure from traders betting on a capped rise, and some nearby support had weakened.
Analysts described the broader short-term trend as weak, with one saying a sustained move above 22,776 would be needed to signal a bullish reversal.
They said a failure to hold support could bring lower levels, including 22,000, into focus.
Analysts said the Nifty’s weekly options expiry would put the 22,250–22,500 range in focus on Tuesday.
The Nifty 50 fell 157 points, or 0.7%, on Monday to close at 22,363.
Analysts described the broader trend as weak or bearish, citing selling pressure and deteriorating derivatives positioning.
They identified support around 22,300 and 22,180–22,200, with 22,500–22,600 a key resistance area.
- Who
- Analysts including Dharmesh Bhatt of Systematix Institutional gave their views on the Nifty.
- What
- The Nifty’s weekly options expiry put the 22,250–22,500 range in focus.
- When
- Tuesday, October 13, 2026.
- Where
- Not stated.
- Why
- The weekly options expiry and options positioning could influence market direction.
This story does not have two clearly opposing sides.
The Nifty 50 fell almost 350 points during intraday trading and closed down 157 points, or 0.7%, at 22,363.
Analysts said the weekly options expiry would bring the 22,250–22,500 range into focus.
- Nifty 50 Monday close
- 22,363
- Monday closing loss
- 157 points, or 0.7%
- Weekly expiry focus range
- 22,250–22,500
- First downside test cited by Bhatt
- 22,371
- Near-term support cited by Shah
- 22,180
What people are saying
The 22,500 strike remains a heavy positioning zone on both sides. With spot below the flip, sharp moves remain possible.
Failure to sustain the opening strength could bring 22,200 and eventually 22,000 back into focus.
On the downside, 22,180 is the near-term support; a break below this level could signal a resumption of the downtrend.
Sources
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