How Nifty Is Expected to Trade Today After Yesterday’s Option Chain Signals and FII Positioning?
About this analysis
This report decodes the option chain structure, volatility pockets, institutional behaviour, and expected trading range for Nifty for the session dated 21 November 2025. The analysis is prepared using multi-timeframe reference points such as open interest build-up, max-pain clusters, VWAP signals and index liquidity flows. The framework is aligned with the precision-driven intraday approach followed at Indian-Share-Tips.com.
Derivative Pro Tiger and Nifty Expert Gulshan Khera, CFP® — a SEBI Regd Investment Adviser — reiterates that traders must rely on option-market footprints rather than price alone. The direction of Put writing vs Call writing is often the earliest clue of trend intent, especially near expiry-week positioning.
With Put writers showing strong aggression at the 26,000 strike and Call writers shifting upward toward 26,500, the market continues to hint at a bullish undertone. Yesterday’s intraday recovery from the early dip around 26,130 further confirmed strong demand absorption at lower levels. Large-cap heavyweights drove most of the strength while broader indices remained muted.
To align your intraday bias with the evolving market rhythm, review the latest Nifty Future Tip crafted by our research desk.
Key market and option chain levels
| Parameter | Level / Insight |
|---|---|
| Max Pain | 26,000 |
| PCR | 1.52 (bullish) |
| VWAP Range | 26,075 – 26,320 |
| Heavy Call OI | 26,500 CE |
| Heavy Put OI | 26,000 PE |
The clear dominance of Put writers at 26,000 reflects strong belief that this level will continue to act as an anchor for the day. The upward migration of Call writers toward 26,500 suggests expectations of range expansion on the upside if momentum sustains.
Institutional flows added confidence to the bullish tilt as both FIIs and DIIs were net buyers. However, broader market hesitation signals caution among mid-cap participants, implying that the leadership remains concentrated in large-cap names.
Sectoral contribution snapshot
| Sector | Impact on Nifty |
|---|---|
| Financial Services | Led yesterday’s upmove, steady accumulation visible |
| Oil & Gas | Supported index stability on dips |
| PSU Bank | Underperformed; profit booking visible |
| Media | Muted trend with weak participation |
For today’s session, price reaction near 26,075 becomes an early trend validator. Sustained trades above this VWAP band may gradually open the path toward 26,320 and 26,500. A dip below 26,000, however, can bring intraday volatility as Put writers begin defending the level aggressively.
Strengths
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Weaknesses
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The structure remains bullish but with pockets of hesitation around higher resistances. Directional moves will rely heavily on how aggressively option writers adjust positions post-opening.
Opportunities
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Threats
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The combination of strong Put bases, aligned flows and steady VWAP support keeps Nifty buyers in control for now. However, the presence of heavy Call OI at 26,500 ensures the journey upward will require momentum confirmation.
Index outlook and trading view
The day’s structure favours a bullish-to-rangebound bias as long as Nifty holds the 26,000 zone. Upside targets include 26,320 and 26,500 if intraday breadth improves. A move below 26,000 will introduce corrective volatility driven by option writer adjustments. Approach the day with a structure-aligned checklist and avoid premature counter-trend trades.
For refined intraday execution levels, access the latest BankNifty Future Tip from our research desk.
Investor takeaway
Gulshan Khera, CFP®, highlights that the market’s stability above 26,000 remains the foundation for bullish continuation. A disciplined approach rooted in VWAP, OI footprints and strike-wise aggression will help traders navigate the evolving structure without emotional bias.
Stay aligned with structured analysis available at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Nifty and intraday analysis
- How Put–Call imbalances shape intraday reversals
- What VWAP signals reveal about trend strength
- How FIIs influence Nifty’s short-term positioning
- Why max-pain zones impact expiry-week movement
- How to interpret aggressive Put writing zones
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
