Daily digest / NIFTY 50 / 2026-10-14 · this week
NIFTY 50 · Wednesday 14 Oct 2026 · close
22,613 -109.2 (-0.48%)
Expiry Mon 19 Oct · 3 sessions

Midday sell-off, losses pared into the close

A steady start gave way at 11:00 IST and NIFTY 50 slid 207 pts to 22,541. Put writers added the most fresh OI at 22,000 (+22.1 L). Call writers built positions at 22,700–23,500, led by 22,700 (+52.5 L). Max pain moved from 22,700 to 22,600, following price down. PCR fell from 1.39 to 0.86.

Spot Max pain PCR 15-min · IST
Open22,739
High · 09:1722,776
Low · 13:1522,541
Avg PCR1.05
Max pain22,600

Key levels into expiry

23,000 Call wall · 113.1 L OI · Fresh calls +50.0 L resistance
22,700 Fresh calls +52.5 L cap
22,613 Close ●
22,600 Max pain magnet
22,100 Fresh puts +10.5 L support
22,000 Fresh puts +22.1 L · Put wall · 76.1 L OI support

Where writers added today

22,700
+52.5 L
23,000
+50.0 L
23,500
+43.8 L
22,000
+22.1 L
22,100
+10.5 L
21,850
+8.8 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open289
Session range236
The session used 82% of the weekly straddle's priced move.

Last 6 sessions

10-06 22,776 —
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 10-09 22,562 +328
PCR 1.20
MP 22,500 10-13 22,722 +160
PCR 1.24
MP 22,700 10-14 22,613 -109
PCR 1.05
MP 22,600

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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