Futures & Options (F&O) highlights for today, 22nd July, 2025

Short covering seen in Nifty and Bank Nifty Futures

Create Longs with stop loss (SL) at 25050 Levels

After opening 31 points higher yesterday, 21^st July, the Nifty immediately faced selling pressure, which dragged the index down by 86 points to 24882. However, post 9:35 A.M., the Nifty sharply reversed its trend, registering a recovery of 229 points from its day’s low. The index ultimately concluded the session with a gain of 122 points, or 0.49%, closing at 25090.

Short Covering was seen in the Nifty Futures where Open Interest fell by 1.38% as Nifty rose by 0.49%. Short Covering was seen in the Bank Nifty Futures where Open Interest fell by 5.93% as Bank Nifty rose by 1.19%.

Nifty Open Interest Put Call ratio rose to 0.96 levels from 0.78 levels.

Amongst the Nifty options (24-Jul Expiry), Call writing is being seen at 25200-25300 levels. This indicates that Nifty is likely to find strong resistance in the vicinity of 25200-25300 levels. On the lower side, an immediate support is placed in the vicinity of 25000-25100 levels where we see Put writing.

Short covering was seen from the side of FIIs in the Index Futures segment where they net bought contracts worth 570 cr with their Open Interest going down by 3302 contracts.

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Source: HDFC Securities Prime Research