Derivatives update for Friday, 26th Dec 2025. Nifty Put/Call Ratio decreased from 1.14 to 0.98.

Good morning. Maximum Call OI is at 26200, followed by 26300 Maximum Put OI is at 26000, followed by 26200 Call writing seen at 26200 & 26300 Put writing seen at 26150 & 26100 Option data indicates a broader trading range between 25700 to 26500, with an immediate range of 26000 to 26300. Bank Nifty (CMP: 59183) Monthly Maximum Put OI at 59000 & 59500 Monthly Maximum Call OI at 59000 & 59500 Call writing observed near 59200 Put writing seen at 59000 Bank Nifty trading range is expected between 58750 to 59750. FIIs & DIIs Activity Index futures witnessed short covering Call selling & Put buying observed in index options Long build-up seen in stock futures In the cash market: FIIs were net sellers of approx ₹1993 crore DIIs were net buyers of approx ₹2532 crore FII Index Long–Short ratio is around 12%. Index Outlook Nifty Needs to cross and sustain above 26150 for upside targets of 26250 & 26325 Supports seen at 26050 & 25950 Bank Nifty Holding above 59000 may lead to upside towards 59500 & 59750 Supports placed at 59000 & 58750 Sectoral View (Short-term) Banking & Financials: Range-bound with selective buying on dips Metals: Strength likely to continue Infra & Capital Goods: Positive bias IT: Mild recovery, selective opportunities FMCG & Pharma: Defensive support zones intact Disclaimer: This report is for educational and informational purposes only. We are not SEBI registered. Views expressed are based on publicly available data and market observations. No recommendation to buy or sell any securities. Trading in the securities market involves risk. Please consult your financial advisor before taking any investment or trading decision.