🔍 Open Interest-Based Market Movement & Trade Strategy Recap
Here’s how the Nifty50 behaved on expiry day (7th August 2025) based on real-time Open Interest shifts in support and resistance levels. These OI changes offer an excellent roadmap for live intraday decision-making.
🕘 09:25 AM
📍 Nifty Spot: 24510
Support: 24500 | Resistance: 25000
➡️ Sentiment: Range-bound but steady
📌 Action: Stay cautious, wait for range breakout
🕤 09:30 AM
📍 Nifty Spot: 24526
Support: 24500 | Resistance: 🔽 24700
➡️ Sentiment: Weakness emerges
📌 Action: Short Target: 24500
🕤 09:35 AM
📍 Nifty Spot: 24514
Support: 24500 | Resistance: 🔽 24600
➡️ Sentiment: Bearish pressure increases
📌 Action: Short Target: 24400
🕙 10:05 AM
📍 Nifty Spot: 24475
Support & Resistance: 24500
➡️ Sentiment: Consolidation / Pivotal zone
📌 Action: Avoid trade until breakout
🕥 10:34 AM
📍 Nifty Spot: 24439
Support: 🔽 24400 | Resistance: 24500
➡️ Sentiment: Fresh weakness below 24450
📌 Action: Continue holding shorts | SL: 24520 | Target: 24350
🕐 01:29 PM
📍 Nifty Spot: 24358
Support: 🔽 24300 | Resistance: 24500
➡️ Sentiment: Bearish breakdown confirmed
📌 Action: Add shorts below 24350 | SL: 24430 | Target: 24280
🕑 01:32 PM
📍 Nifty Spot: 24359
Support: 24300 | Resistance: 🔽 24400
➡️ Sentiment: Downtrend continues
📌 Action: Trail stop | SL: 24430
🕓 02:02 PM
📍 Nifty Spot: 24401
Support: 🔼 24350 | Resistance: 24400
➡️ Sentiment: Attempt to bottom out
📌 Action: Watch for bounce above 24420 | SL: 24370
🕓 02:08 PM
📍 Nifty Spot: 24416
Support: 🔼 24400 | Resistance: 🔼 24500
➡️ Sentiment: Recovery Building
📌 Action: Long above 24420 | SL: 24390 | Target: 24530
🕔 02:53 PM
📍 Nifty Spot: 24532
Support: 24500 | Resistance: 🔼 24600
➡️ Sentiment: Bulls Back in Control
📌 Action: Continue holding longs | SL: 24480 | Target: 24600
🕔 02:59 PM
📍 Nifty Spot: 24524
Support: 24500 | Resistance: 🔽 24550
➡️ Sentiment: Mild caution near highs
📌 Action: Book profits partially | Avoid fresh longs
🕔 03:02 PM
📍 Nifty Spot: 24558
Support: 24500 | Resistance: 🔼 24600
➡️ Sentiment: Closes strong
📌 Action: Hold long positions till EOD | Watch for gap-up next session
| Time | Change Type | Sentiment | Strategy |
|---|---|---|---|
| 09:25 AM | Initial Range | Neutral | Wait for breakout |
| 09:30 AM | Resistance ↓ | Bearish | Short near 24700 |
| 09:35 AM | Resistance ↓ | Bearish | Short below 24550 |
| 10:05 AM | Consolidation | Neutral | Wait for direction |
| 10:34 AM | Support ↓ | Weak | Hold shorts |
| 01:29 PM | Support ↓ | Breakdown | Add shorts |
| 01:32 PM | Resistance ↓ | Bearish | Re-enter short |
| 02:02 PM | Support ↑ | Possible Bottom | Watch bounce |
| 02:08 PM | Support ↑ / Resistance ↑ | Recovery | Long above 24430 |
| 02:53 PM | Resistance ↑ | Bullish | Hold longs |
| 02:59 PM | Resistance ↓ | Caution | Book partial profits |
| 03:02 PM | Resistance ↑ | Strong Close | Hold till EOD |
✅ Expiry Summary:
- Day Low: ~24300
- Day High: ~24580
- Reversal Zone: 2 PM onwards
- Closing Sentiment: Strong Bullish
📈 Trade Lessons:
- OI shifts clearly indicated trend reversals.
- Support shifting up = bullish confidence.
- Late recovery confirmed by resistance rising again.
- Follow structure, not emotions.
🎯 Market Friend's View Ahead:
As long as 24,800 holds as support, bulls may attempt a fresh breakout in the next session.
Watch for renewed OI buildup above 25,000 to confirm fresh upside momentum.
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