Daily digest / Finnifty / 2026-10-23 · this week
Finnifty · Friday 23 Oct 2026 · close
24,409 -274.1 (-1.11%)
5th straight down dayExpiry Tue 27 Oct · 2 sessions

Selling from the open, losses pared into the close

Finnifty slid 368 pts from 24,683 at 09:15 to 24,315 by 13:15 IST. Put writers added the most fresh OI at 23,900 (+0.2 L). Call writers built positions at 24,400–24,800, led by 24,400 (+0.3 L). Max pain moved from 24,900 to 24,700, following price down.

Spot Max pain PCR 15-min · IST
Open24,683
High · 09:1724,731
Low · 13:1724,292
Avg PCR0.75
Max pain24,700

Key levels into expiry

25,000 Call wall · 0.8 L OI resistance
24,800 Fresh calls +0.2 L cap
24,700 Max pain magnet
24,500 Fresh calls +0.2 L cap
24,409 Close ●
24,400 Fresh puts +0.2 L support
23,900 Fresh puts +0.2 L support
23,500 Put wall · 0.8 L OI floor

Where writers added today

24,400
+0.3 L
24,500
+0.2 L
24,800
+0.2 L
23,900
+0.2 L
24,400
+0.2 L
24,300
+0.1 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open388
Session range438
One session moved 1.1× the monthly straddle's full priced move.

Last 6 sessions

10-15 25,407 —
PCR 0.93
MP 25,100 10-16 25,386 -21
PCR 0.90
MP 25,100 10-19 25,043 -343
PCR 0.76
MP 25,000 10-21 24,705 -337
PCR 0.83
MP 25,000 10-22 24,683 -22
PCR 0.85
MP 24,900 10-23 24,409 -274
PCR 0.75
MP 24,700

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. 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.

All Finnifty sessions · Indices hub · Live terminal →