Expiry pressure builds as Nifty slips below 26,000 amid weak global cues

Weak expiry cues from GIFT Nifty, bearish technical signals, and heavy call resistance near 26,200 suggest continued pressure unless NIFTY swiftly regains the 20-day moving average.

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7 days ago

Expiry pressure builds as Nifty slips below 26,000 amid weak global cues

Expiry pressure builds as Nifty slips below 26,000 amid weak global cues
Early signals pointed to continued weakness for the NIFTY50 on the December 9 expiry as GIFT Nifty futures indicated an implied opening nearly 85 points lower. The index had slipped below the 26,000 mark on Monday after heavy selling, while midcap and smallcap indices dropped close to 2 percent, reflecting broader risk aversion. Options data showed maximum call open interest at 26,200 and maximum put open interest at 25,900, suggesting a tight consolidation range.