Daily digest / NIFTY 50 / 2026-10-07 · this week
NIFTY 50 · Wednesday 7 Oct 2026 · close
22,571 -205.2 (-0.90%)
Expiry Tue 13 Oct · 4 sessions

Midday sell-off, closes near the lows

NIFTY 50 opened with a 142-pt gap down at 22,634. NIFTY 50 slid 142 pts from 22,712 at 11:00 to 22,570 by 14:15 IST. Put writers added the most fresh OI at 22,200 (+32.0 L). Call writers built positions at 22,600–23,000, led by 22,800 (+52.8 L). Max pain moved from 22,700 to 22,650, following price down. PCR fell from 1.13 to 0.82.

Spot Max pain PCR 15-min · IST
Open22,634
High · 12:0422,732
Low · 13:1022,549
Avg PCR0.98
Max pain22,650

Key levels into expiry

23,000 Call wall · 96.1 L OI resistance
22,800 Fresh calls +52.8 L cap
22,650 Max pain magnet
22,600 Fresh calls +47.3 L cap
22,571 Close ●
22,200 Fresh puts +32.0 L support
22,000 Fresh puts +20.7 L · Put wall · 71.6 L OI support

Where writers added today

22,800
+52.8 L
22,600
+47.3 L
23,000
+40.9 L
22,200
+32.0 L
22,600
+23.0 L
22,000
+20.7 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open296
Session range183
The session used 62% of the weekly straddle's priced move.

Last 6 sessions

09-29 22,716 —
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 10-06 22,776 +221
PCR 1.43
MP 22,750 10-07 22,571 -205
PCR 0.98
MP 22,650

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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