Buying from the open, closes near the highs
NIFTY 50 opened with a 94-pt gap up at 22,328. NIFTY 50 climbed 260 pts from 22,328 at 09:15 to 22,588 by 15:00 IST. Put writers added the most fresh OI at 22,500 (+102.5 L). Call writers built positions at 22,900–23,100, led by 22,900 (+23.6 L). Max pain moved from 22,400 to 22,500, following price up. PCR rose from 0.62 to 1.27.
Key levels into expiry
Where writers added today
Move vs what options priced
Last 6 sessions
Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.
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.