Daily digest / Finnifty / 2026-09-04 · this week
Finnifty · Friday 4 Sep 2026 · close
26,258
+193.8 (+0.74%)
2nd straight up dayExpiry Tue 29 Sep · 17 sessions
Buying from the open, sellers fade it
Finnifty climbed 745 pts from 26,086 at 09:15 to 26,830 by 09:30 IST. Put writers added the most fresh OI at 25,650 (+0.2 L). Call writers built positions at 26,300–26,650, led by 26,500 (+0.6 L). Max pain held at 26,200 all session. PCR rose from 0.55 to 0.66.
Spot
Max pain
26,050 support
PCR
15-min · IST
Key levels into expiry
26,500
Call wall · 1.1 L OI · Fresh calls +0.6 L
resistance
26,300
Fresh calls +0.1 L
cap
26,258
Close
●
26,200
Max pain
magnet
26,050
Fresh puts +0.0 L · held the low
support
26,000
Put wall · 0.3 L OI
floor
25,650
Fresh puts +0.2 L
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 open681
Session range745
One session moved 1.1× the monthly straddle's full 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.