Daily Market Digest.
Day-by-day summaries of PCR readings, max-pain strikes, and intraday spot ranges for India's major index option contracts — built from live option chain data captured during the trading session.
NIFTY 50
19
trading days
Latest: 2026-05-08
Bank Nifty
15
trading days
Latest: 2026-05-08
SENSEX
0
trading days
Finnifty
15
trading days
Latest: 2026-05-08
What's in each digest
- PCR (Put-Call Ratio) — the day's average PCR computed from option chain snapshots taken throughout the session. PCR above 1 indicates put-heavy positioning (bullish); below 1 is call-heavy (bearish).
- Max-Pain Strike — the strike at which the maximum number of open options contracts expire worthless, calculated from cumulative OI across all strikes. Often acts as a magnet near expiry.
- Intraday Range — the observed high and low of the underlying index spot price during market hours (09:15–15:30 IST).
- Signal Bias — the dominant directional bias (LONG / SHORT) generated by the PCR crossover engine during the session.
All data is sourced from live NSE and BSE option chains. Summaries are
generated automatically at session close. Past readings are for research
purposes only and do not constitute trading advice.
Related reading
PCR Explained →
How to read put-call ratio, thresholds that matter, why 1.0 isn't always neutral.
Max Pain Theory →
The mechanics behind the max-pain calculation and how it interacts with expiry.
Reading the Option Chain →
OI buildup, PCR at the strike level, what the chain tells you before price moves.
Want live PCR and real-time option chain data? Login to the terminal →