Daily digest / NIFTY 50 / 2026-10-16 · this week
NIFTY 50 · Friday 16 Oct 2026 · close
23,092 +141.4 (+0.62%)
2nd straight up dayExpiry Mon 19 Oct · 1 session

Early rally, gains trimmed into the close

NIFTY 50 opened with a 74-pt gap up at 23,025. NIFTY 50 climbed 204 pts from 22,921 at 09:30 to 23,126 by 10:30 IST. Put writers added the most fresh OI at 23,100 (+80.9 L). Call writers built positions at 23,150–24,200, led by 23,500 (+42.1 L). Max pain moved from 22,900 to 23,050, following price up. PCR fell from 1.66 to 1.33.

Spot Max pain PCR 15-min · IST
Open23,025
High · 10:1923,136
Low · 09:3622,878
Avg PCR1.42
Max pain23,050

Key levels into expiry

24,200 Fresh calls +41.9 L cap
24,000 Call wall · 139.8 L OI resistance
23,500 Fresh calls +42.1 L cap
23,092 Close ●
23,050 Max pain magnet
23,000 Fresh puts +57.1 L support
22,000 Fresh puts +61.5 L · Put wall · 183.9 L OI support

Where writers added today

23,500
+42.1 L
24,200
+41.9 L
23,150
+40.8 L
23,100
+80.9 L
22,000
+61.5 L
23,000
+57.1 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open218
Session range258
One session moved 1.2× the weekly straddle's full priced move.

Last 6 sessions

10-08 22,234 —
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 10-15 22,951 +338
PCR 1.60
MP 22,900 10-16 23,092 +141
PCR 1.42
MP 23,050

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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