Buying from the open, closes near the highs
NIFTY 50 opened with a 184-pt gap down at 22,379. NIFTY 50 climbed 343 pts from 22,379 at 09:15 to 22,722 by 15:39 IST. Put writers added the most fresh OI at 22,700 (+228.6 L). Call writers built positions at 22,750–22,950, led by 22,750 (+122.4 L). Max pain moved from 22,400 to 22,700, following price up. PCR rose from 0.59 to 1.38.
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.