Daily digest / NIFTY 50 / 2026-10-05 · this week
NIFTY 50 · Monday 5 Oct 2026 · close
22,555 +101.8 (+0.45%)
Expiry Tue 6 Oct · 1 session

Early sell-off, bulls defend 22,500

NIFTY 50 opened with a 121-pt gap up at 22,574. A steady start gave way at 09:45 IST and NIFTY 50 slid 160 pts to 22,445. Put writers added the most fresh OI at 22,500 (+75.3 L), right where the low held. Call writers built positions at 22,600–22,900, led by 22,800 (+55.7 L). Max pain held at 22,550 all session. PCR rose from 0.69 to 0.91.

Spot Max pain 22,500 support PCR 15-min · IST
Open22,574
High · 09:5022,637
Low · 12:0822,423
Avg PCR0.84
Max pain22,550

Key levels into expiry

23,000 Call wall · 149.6 L OI resistance
22,800 Fresh calls +55.7 L cap
22,600 Fresh calls +46.8 L cap
22,555 Close ●
22,550 Max pain magnet
22,500 Fresh puts +75.3 L · held the low support
22,400 Fresh puts +74.9 L · held the low support
21,500 Put wall · 147.6 L OI floor

Where writers added today

22,800
+55.7 L
22,600
+46.8 L
22,900
+41.6 L
22,500
+75.3 L
22,400
+74.9 L
21,500
+51.4 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open208
Session range214
One session moved 1.0× the weekly straddle's full priced move.

Last 6 sessions

09-25 23,192 —
PCR 0.84
MP 23,250 09-28 22,818 -374
PCR 0.66
MP 22,950 09-29 22,716 -102
PCR 0.81
MP 22,750 09-30 22,641 -75
PCR 0.78
MP 22,700 10-01 22,453 -188
PCR 0.62
MP 22,550 10-05 22,555 +102
PCR 0.84
MP 22,550

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 NIFTY 50 sessions · Indices hub · Live terminal →