Daily digest / Finnifty / 2026-09-02 · this week
Finnifty · Wednesday 2 Sep 2026 · close
26,031
-799.5 (-2.98%)
Expiry Tue 29 Sep · 19 sessions
Selling from the open, losses pared into the close
Finnifty slid 941 pts from 26,830 at 09:15 to 25,889 by 11:15 IST. Put writers added the most fresh OI at 25,700 (+0.4 L). Call writers built positions at 25,800–27,000, led by 27,000 (+0.2 L). Max pain moved from 26,400 to 26,300, following price down. PCR rose from 0.49 to 0.63.
Spot
Max pain
25,800 support
PCR
15-min · IST
Key levels into expiry
27,000
Call wall · 1.1 L OI · Fresh calls +0.2 L
resistance
26,300
Fresh calls +0.2 L · Max pain
cap
26,031
Close
●
25,800
Fresh puts +0.1 L · held the low
support
25,700
Fresh puts +0.4 L · Put wall · 0.4 L OI
support
Where writers added today
■ calls ■ puts · OI change from the first snapshot to the close, strikes near spot
Move vs what options priced
Monthly ATM straddle at open962
Session range941
The session used 98% of the monthly straddle's priced move.
Last 6 sessions
Reading these numbers
- Max pain is the strike where option buyers collectively lose the most at expiry. It often drifts with price, and the pull tends to strengthen into expiry.
- Fresh OI shows where option writers opened new positions during the session. Heavy put writing below price often marks a level sellers expect to hold; heavy call writing above marks a ceiling.
- PCR is put OI ÷ call OI for the monthly expiry.
- Straddle vs range compares the ATM straddle price at the open (what options priced in) with the distance price actually covered.
Descriptive summaries of recorded option-chain positioning, generated automatically — not trading signals or advice.
Read the disclaimer →
Related reading
PCR explained →
How put-call ratio is calculated and when it misleads.
Max pain theory →
Why max pain matters near expiry.
OI buildup →
Reading the four OI patterns.