Mumbai, December 1, 2025 – The derivatives segment went into absolute overdrive on Friday (Nov 28), with a mind-boggling ₹25+ lakh crore notional turnover as traders rolled, hedged, and positioned aggressively for tomorrow’s (Dec 2) weekly expiry.
The battlefield was crystal clear: 26,200–26,300 strikes.
Top 10 Most Active Nifty Contracts (Nov 28)
- NIFTY 26,200 Put – 69.3 lakh contracts (₹3.78 lakh crore turnover)
- NIFTY 26,300 Call – 57.7 lakh contracts
- NIFTY 26,250 Call – 51.2 lakh contracts
- NIFTY 26,200 Call – 48.9 lakh contracts
- NIFTY 26,250 Put – 46.8 lakh contracts
- NIFTY 26,300 Put – 35.7 lakh contracts
- NIFTY 26,100 Put – 30.6 lakh contracts
- NIFTY 26,400 Call – 30.3 lakh contracts
- NIFTY 26,150 Put – 28.1 lakh contracts
- NIFTY 26,500 Call – 27.3 lakh contracts
Key Takeaways from Friday’s Madness
- Highest OI: 26,000 Put (2.27 lakh contracts) → strongest support
- 26,500 Call OI exploded to 1.81 lakh → major resistance
- Deep OTM calls (26,500–26,600) saw massive writing → bears still in control
- Put side saw heavy rollovers from 26,000–26,100 → bulls defending lower levels
- Premiums crashed 25–45% across strikes → clear sign of aggressive short-covering + fresh shorting
Market is screaming one message loud and clear: 26,000–26,200 is the new Maginot Line for bulls. Break it tomorrow and 25,500 opens fast.
With Nifty spot closing at 26,202.95, tomorrow’s weekly expiry is now a straight-up do-or-die battle at 26,200.
One thing is certain: whoever wins tomorrow wins December’s opening narrative. Get your popcorn — and your stop-losses — ready. This is going to be explosive.
