30 May , 2025 By : Debdeep Gupta
The Nifty 50 snapped a two-day losing streak and gained 81 points on May 29, the monthly F&O expiry session. The chart pattern formation suggests indecision among bulls and bears. The index managed to defend the 24,700 level and the 10-day EMA (24,787) on a closing basis amid a rangebound session. In the upcoming session, the 24,700–24,650 zone is expected to be crucial, as a break below this level could drag the index down toward 24,450. However, sustaining above it could take the index toward the 25,000 mark, experts said.
Here are 15 data points we have collated to help you spot profitable trades:
1) Key Levels For The Nifty 50 (24,834)
Resistance based on pivot points: 24,883, 24,934, and 25,016
Support based on pivot points: 24,719, 24,668, and 24,586
Special Formation: The Nifty 50 formed a Doji candlestick pattern on the daily timeframe, indicating indecision. The index sustained above all key moving averages and the midline of the Bollinger Bands. The MACD maintained a negative crossover with a weakening histogram, though it remained well above the zero line. Meanwhile, the RSI stayed above the 50 mark at 57.44, despite showing a negative crossover.
2) Key Levels For The Bank Nifty (55,546)
Resistance based on pivot points: 55,737, 55,899, and 56,162
Support based on pivot points: 55,213, 55,051, and 54,789
Resistance based on Fibonacci retracement: 56,307, 58,648
Support based on Fibonacci retracement: 54,117, 52,892
Special Formation: The Bank Nifty also formed a Doji candlestick pattern on the daily charts, while consistently defending the 10-day EMA. The banking index rose 129 points amid above-average volumes. The RSI at 60.13 showed a positive crossover, while the MACD stayed above the zero line, though it continued to show a negative crossover.
3) Nifty Call Options Data
According to the weekly options data, the maximum Call open interest was seen at the 25,000 strike (with 55.57 lakh contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 24,800 strike (40.62 lakh contracts), and the 25,500 strike (40.45 lakh contracts).
Maximum Call writing was observed at the 24,800 strike, which saw an addition of 20.46 lakh contracts, followed by the 25,000 and 25,500 strikes, which added 18.97 lakh and 17.11 lakh contracts, respectively. There was hardly any Call unwinding seen in the 23,850-25,800 strike band.
4) Nifty Put Options Data
On the Put side, the 24,000 strike holds the maximum Put open interest (with 37.72 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 24,800 strike (34.89 lakh contracts) and the 24,500 strike (28.29 lakh contracts).
The maximum Put writing was placed at the 24,800 strike, which saw an addition of 16.91 lakh contracts, followed by the 24,400 and 24,500 strikes, which added 16.49 lakh and 13.17 lakh contracts, respectively. The Put unwinding was seen at the 25,150 strike, which shed 1,800 contracts, followed by the 25,650 strike which shed 150 contracts.
5) Bank Nifty Call Options Data
According to the monthly options data, the maximum Call open interest was seen at the 56,000 strike, with 17.84 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 (6.39 lakh contracts) and the 57,000 strike (5.76 lakh contracts).
Maximum Call writing was visible at the 56,000 strike (with the addition of 2.98 lakh contracts), followed by the 55,500 strike (1.74 lakh contracts), and the 56,500 strike (1.14 lakh contracts). The maximum Call unwinding was seen at the 54,800 strike, which shed 1,290 contracts, followed by the 54,100 strike, which shed 210 contracts.
6) Bank Nifty Put Options Data
On the Put side, the 56,000 strike holds the maximum Put open interest (with 13.33 lakh contracts), which can act as a key level for the index. This was followed by the 55,000 strike (8.55 lakh contracts) and the 54,000 strike (5.84 lakh contracts).
The maximum Put writing was observed at the 55,000 strike (which added 2.08 lakh contracts), followed by the 54,000 strike (1.41 lakh contracts) and the 56,000 strike (1.39 lakh contracts). There was hardly any Put unwinding seen in the 53,400-57,500 strike band.
7) Funds Flow (Rs crore)
8) Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.86 on May 29, from 0.76 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, fell sharply by 8.87 percent to 16.42 levels, offering comfort to the bulls. In fact, the index fell below all key moving averages.
10) Long Build-up (10 Stocks)
A long build-up was seen in 10 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.
11) Long Unwinding (54 Stocks)
54 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.
12) Short Build-up (3 Stocks)
3 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.
13) Short-Covering (149 Stocks)
149 stocks saw short-covering, meaning a decrease in OI, along with a price increase.
14) High Delivery Trades and High Rollovers
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.
Here are the stocks that saw the highest rollovers on expiry day.
15) Stocks Under F&O Ban
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: Nil
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
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