Daily digest / NIFTY 50 / 2026-10-08 · this week
NIFTY 50 · Thursday 8 Oct 2026 · close
22,234 -337.1 (-1.49%)
2nd straight down dayExpiry Tue 13 Oct · 3 sessions

Selling from the open, closes near the lows

NIFTY 50 slid 299 pts from 22,533 at 09:15 to 22,234 by 15:39 IST. Put writers added the most fresh OI at 22,000 (+33.8 L). Call writers built positions at 22,300–22,500, led by 22,500 (+101.2 L). Max pain moved from 22,650 to 22,400, following price down. PCR fell from 0.81 to 0.62.

Spot Max pain PCR 15-min · IST
Open22,533
High · 09:1722,566
Low · 15:3522,227
Avg PCR0.66
Max pain22,400

Key levels into expiry

23,000 Call wall · 142.7 L OI resistance
22,500 Fresh calls +101.2 L cap
22,400 Fresh calls +99.0 L · Max pain cap
22,234 Close ●
22,000 Fresh puts +33.8 L · Put wall · 104.8 L OI support
21,800 Fresh puts +26.4 L support

Where writers added today

22,500
+101.2 L
22,400
+99.0 L
22,300
+63.9 L
22,000
+33.8 L
21,800
+26.4 L
21,500
+25.9 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open271
Session range340
One session moved 1.3× the weekly straddle's full priced move.

Last 6 sessions

09-30 22,641 —
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 10-08 22,234 -337
PCR 0.66
MP 22,400

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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