Trade setup for March 25: GIFT NIFTY indicates a positive start, will it sustain?

By Admin

25 Mar, 2026

The Indian equity markets are set for a potentially strong opening on March 25, with GIFT NIFTY futures jumping over 200 points in early trade. The surge comes after media reports suggesting that the United States is preparing for a month-long ceasefire with Iran, which boosted global risk sentiment and lifted US stock futures. Despite US markets closing in the red on Tuesday due to attacks near Iran’s energy infrastructure, positive post-market developments have improved investor confidence and point to a firm start for domestic equities.

However, while the opening tone appears bullish, traders are closely watching whether the momentum can sustain throughout the session. Global cues, technical indicators, and derivatives data will play a key role in determining the market’s direction.

Key Levels from Options Data 🔍

The open interest data for the upcoming monthly expiry highlights important levels for traders:

• Max Call OI: 24,000 – indicating strong resistance on the upside

• Max Put OI: 22,500 – indicating support zone below

• Crucial downside protection: 23,000 level

• Expiry considered: 30 March (Ten strikes to ATM)

Additionally, 23,000 PE holds the highest open interest, reinforcing downside protection around this level. On the upside, 24,000 CE shows maximum open interest, suggesting a major resistance barrier for the coming sessions.

Technical View: Momentum but with Caution ⚖️

On the hourly charts, the index maintained gains above the 20 EMA at 22,892, signaling sustained buying from lower levels. If the index manages to close above the 20 EMA for a second consecutive session, bullish momentum may continue.

At the same time, the index has formed a Doji candlestick pattern on the daily chart, which reflects indecision in the market. This suggests that while buyers are active, conviction remains limited. If positive global cues hold throughout the day, the index may attempt to close above 23,000, which would provide a strong psychological and technical boost.

Market Sentiment Drivers 🌍

• Positive global cues from ceasefire expectations

• Strong GIFT NIFTY indicating gap-up opening

• US futures trading higher after post-market optimism

• Technical support above 20 EMA

• Resistance near 24,000 due to heavy call writing

These factors collectively suggest a positive start, but sustainability will depend on follow-through buying and global stability.

Stock Scanner Highlights 📊

• Long buildup: LT

• Short buildup: NA

• Top traded futures contract: HDFC Bank

• Top traded options contract: Reliance 1,420 CE

• F&O securities under ban: SAIL, Samaan Capital

• F&O securities out of ban: NA

What Traders Should Watch Today 👀

• Whether Nifty holds above 22,892 (20 EMA)

• Sustained move above 23,000 for bullish continuation

• Resistance near 24,000

• Global cues from geopolitical developments

• Intraday open interest shifts

Outlook for the Day 📉📈

The bias remains positive at the open, supported by global developments and derivatives positioning. However, the Doji pattern indicates indecision, meaning traders should remain cautious. A decisive close above 23,000 could strengthen bullish momentum, while failure to hold above key levels may lead to range-bound or volatile trade.

Disclaimer ⚠️

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop losses. This article is for educational and informational purposes only. We do not recommend any particular stock, securities, or trading strategies. The securities mentioned are purely for analysis illustration.