The Nifty 50 ended rangebound trading on a flat note on June 10, while continuing to trade well above the long resistance trendline and near the upper Bollinger Bands—despite forming a bearish candle on the daily charts. The India VIX declined further, nearing the 14 mark, which also lent support to the bulls. Hence, in the upcoming sessions, the index may extend its upward journey toward the 25,300 level, followed by 25,500 as a crucial resistance—provided it continues to defend the 25,000 mark as support, according to experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,104)

Resistance based on pivot points: 25,175, 25,209, and 25,264

Support based on pivot points: 25,065, 25,031, and 24,976

Special Formation: The Nifty 50 formed another bearish candle while still maintaining the previous day’s low on a closing basis, as well as staying at the upper end of the gap-up opening. The upper Bollinger Bands continued to expand, signaling a potential target in the 25,170 zone. Furthermore, the index remained well above all key moving averages. The RSI sustained above the 60 mark, closing at 61.82—though it remained flat—while the MACD trended upward and stayed well above the zero line, with further improvement in the histogram.

2) Key Levels For The Bank Nifty (56,629)

Resistance based on pivot points: 56,909, 57,015, and 57,188

Support based on pivot points: 56,564, 56,457, and 56,285

Resistance based on Fibonacci retracement: 57,715, 60,331

Support based on Fibonacci retracement: 56,208, 55,687

Special Formation: The Bank Nifty also formed a bearish candle for the second consecutive session, snapping a four-day winning streak and closing down by 0.37 percent. The index hovered near the upper Bollinger Bands, which retained their upward bias. The RSI stood at 66.03, showing a slight downward inclination, while the MACD continued to maintain a positive crossover, supported by a healthy histogram.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 1.58 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 (1.15 crore contracts), and the 25,200 strike (95.28 lakh contracts).

Maximum Call writing was observed at the 25,200 strike, which saw an addition of 32.23 lakh contracts, followed by the 26,000 and 25,150 strikes, which added 28.61 lakh and 27.83 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,400 strike, which shed 4.89 lakh contracts, followed by the 24,800 and 25,800 strikes which shed 3.73 lakh and 3.63 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the 25,000 strike holds the maximum Put open interest (with 82.41 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 24,500 strike (81.93 lakh contracts) and the 24,800 strike (73.35 lakh contracts).

The maximum Put writing was placed at the 25,100 strike, which saw an addition of 18.57 lakh contracts, followed by the 24,300 and 24,400 strikes, which added 12.86 lakh and 12.72 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,550 strike, which shed 9.17 lakh contracts, followed by the 24,950 and 24,250 strikes which shed 1.47 lakh and 57,825 contracts, respectively.

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 18.85 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 57,000 strike (13.65 lakh contracts) and the 58,000 strike (8.89 lakh contracts).

Maximum Call writing was visible at the 56,700 strike (with the addition of 1.65 lakh contracts), followed by the 57,000 strike (1.64 lakh contracts), and the 56,800 strike (1.36 lakh contracts). The maximum Call unwinding was seen at the 58,000 strike, which shed 1.02 lakh contracts, followed by the 55,500 and 55,800 strikes, which shed 22,800 and 13,560 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 56,000 strike holds the maximum Put open interest (with 20.22 lakh contracts), which can act as a key support level for the index. This was followed by the 55,000 strike (13.47 lakh contracts) and the 55,500 strike (8.05 lakh contracts).

The maximum Put writing was observed at the 56,700 strike (which added 63,990 contracts), followed by the 56,500 strike (52,650 contracts) and the 56,600 strike (33,930 contracts). The maximum Put unwinding was seen at the 56,000 strike, which shed 63,630 contracts, followed by the 55,000 and 57,100 strikes, which shed 63,060 and 34,230 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, declined to 0.97 on June 10, from 1.01 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, often referred to as the market’s fear gauge, declined toward the 14 level, ending at 14.02—down 4.61 percent. This further boosted confidence for the bulls. As long as the VIX remains below the 15 mark, market sentiment is expected to remain in the comfort zone for bullish participants.

10) Long Build-up (61 Stocks)

A long build-up was seen in 61 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (61 Stocks)

61 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (62 Stocks)

62 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (41 Stocks)

41 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

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.

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: Indian Renewable Energy Development Agency (IREDA), RBL Bank

Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Chambal Fertilisers and Chemicals, Hindustan Copper, Titagarh Rail Systems

Stocks removed from F&O ban: Nil