Daily digest / Finnifty / 2026-11-04 · this week
Finnifty · Wednesday 4 Nov 2026 · close
25,622 +308.9 (+1.22%)
3rd straight up dayExpiry Mon 23 Nov · 13 sessions

Buying from the open, closes near the highs

Finnifty climbed 283 pts from 25,340 at 09:15 to 25,622 by 15:39 IST. Put writers added the most fresh OI at 25,600 (+0.1 L). Call writers built positions at 25,600–26,500, led by 25,900 (+0.3 L). Max pain held at 25,000 all session. PCR fell from 1.34 to 0.96.

Spot Max pain PCR 15-min · IST
Open25,340
High · 09:5425,629
Low · 09:1525,340
Avg PCR1.22
Max pain25,000

Key levels into expiry

26,500 Fresh calls +0.1 L cap
25,900 Call wall · 0.3 L OI · Fresh calls +0.3 L resistance
25,622 Close ●
25,600 Fresh puts +0.1 L support
25,000 Max pain · Fresh puts +0.1 L · Put wall · 0.3 L OI magnet

Where writers added today

25,900
+0.3 L
25,600
+0.1 L
26,500
+0.1 L
25,600
+0.1 L
25,000
+0.1 L
25,500
+0.0 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open726
Session range289
The session used 40% of the monthly straddle's priced move.

Last 6 sessions

10-28 24,514 —
PCR 0.76
MP 24,600 10-29 24,810 +296
PCR 0.66
MP 24,600 10-30 24,749 -60
PCR 0.98
MP 24,650 11-02 24,924 +175
PCR 0.80
MP 24,800 11-03 25,314 +390
PCR 1.18
MP 25,000 11-04 25,622 +309
PCR 1.22
MP 25,000

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.

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