Bias for HDFCLIFE into December expiry (30 Dec 2025) is mildly positive to range‑bound, with upside capped near 800 and strong support around 760.

1. Current setup (as of 12 Dec 2025 close)

- Spot around ₹777–778 on NSE; 52‑week range ₹584–821. (livemint.com)

- Price is trading above all key daily and weekly moving averages (20/50/100/200 SMA), indicating an ongoing uptrend. (moneycontrol.com)

- Weekly Bollinger upper band is near ~₹795, suggesting stretched zone/resistance in the short term. (moneycontrol.com)

2. Derivatives tone (Dec 30, 2025 expiry)

- December futures around ₹772–773, just below spot – very small discount, typical of a stable, non‑euphoric trend. (5paisa.com)

- 760 CE (30 Dec) has high open interest and heavy volume, indicating active positioning around this strike. (upstox.com)

- 790 PE (30 Dec) also has decent OI, indicating put writers are comfortable selling protection near/just above current price, which usually implies expectation that spot should hold broadly above ~770 levels. (upstox.com)

Combined, this suggests a short‑term trading range clustered roughly between 760 and 800 for this expiry, unless there is a strong news/market surprise.

3. Working levels for December expiry (reference only, not advice)

- Immediate support:

- ₹770–772 (recent consolidation, near 10–20 DMA) (moneycontrol.com)

- Stronger support zone:

- ₹755–760 (near 50‑DMA / recent swing lows and heavy options activity around 760 strike). (moneycontrol.com)

- Resistance zone / upside reference:

- First resistance: ₹790–795 (close to weekly upper Bollinger band and just above current price). (moneycontrol.com)

- Strong resistance: ₹800–810 (psychological level and just below prior 52‑week high region ~₹821). (livemint.com)

Illustrative expiry‑view (example, not a recommendation):

- As long as HDFCLIFE holds above ₹760 on closing basis, probability favours a retest of ₹790–800 into or before the December 30 expiry.

- A conservative trading “target zone” for longs this series can be thought of as ₹795–805.

- A decisive close below ~₹755 would weaken the structure and can open room towards ₹735–740, invalidating the positive bias.

Risk points to monitor

- Any sharp correction in broader market / financials could quickly push it below 760.

- IV spike or heavy fresh call‑writing emerging at 790/800 strikes would further cap upside for this expiry.

- Always align position sizing and stop‑loss with your own risk profile; short‑dated option / futures trades carry high event and gap risk.

For live option chain and futures data, you can track HDFCLIFE on NSE or analytics platforms like Moneycontrol, Upstox, NiftyInvest, etc. (moneycontrol.com)

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com