NIFTY50 Eyes Expiry-Day Stability as Bulls Attempt to Hold Recent Gains

NIFTY50 Eyes Expiry-Day Stability as Bulls Attempt to Hold Recent Gains

Summary (70 words):
NIFTY50 enters the July 14 weekly expiry session with traders watching whether the index can sustain its recent rebound amid mixed global cues. Analysts believe support from selective buying and options positioning may help defend gains, while profit-booking near higher levels could limit upside. Key resistance and support zones will be crucial, with expiry-day volatility expected to keep market participants cautious and focused on derivatives activity.

Key Highlights:

• NIFTY50 heads into the weekly expiry after a recent recovery, with volatility expected to remain elevated.
• Strong support is seen around the 24,100–24,120 zone, backed by put open interest.
• Immediate resistance is placed near 24,300–24,400, where call writing remains significant.
• Options data suggests traders expect the index to remain within a defined range unless a strong trigger emerges.
• Expiry-day price action will likely be driven by derivatives positioning, institutional activity, and global market sentiment.