Daily digest / NIFTY 50 / 2026-10-22 · this week
NIFTY 50 · Thursday 22 Oct 2026 · close
22,715 -19.8 (-0.09%)
3rd straight down dayExpiry Tue 27 Oct · 3 sessions

Buying from the open, sellers fade it

NIFTY 50 opened with a 127-pt gap down at 22,608. NIFTY 50 climbed 193 pts from 22,608 at 09:15 to 22,800 by 11:15 IST. Put writers added the most fresh OI at 22,600 (+30.7 L), right where the low held. Call writers built positions at 22,600–23,400, led by 22,600 (+16.3 L). Max pain moved from 22,900 to 22,850, following price down. PCR rose from 0.70 to 0.82.

Spot Max pain 22,600 support PCR 15-min · IST
Open22,608
High · 11:1422,811
Low · 09:1522,545
Avg PCR0.78
Max pain22,850

Key levels into expiry

23,400 Fresh calls +10.4 L cap
23,000 Call wall · 160.0 L OI resistance
22,850 Max pain magnet
22,715 Close ●
22,600 Fresh puts +30.7 L · held the low support
22,000 Fresh puts +26.5 L · Put wall · 123.3 L OI support

Where writers added today

22,600
+16.3 L
22,650
+11.1 L
23,400
+10.4 L
22,600
+30.7 L
22,000
+26.5 L
21,700
+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 open322
Session range265
The session used 82% of the weekly straddle's priced move.

Last 6 sessions

10-14 22,613 —
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 10-19 22,889 -203
PCR 0.92
MP 22,900 10-21 22,735 -154
PCR 0.80
MP 22,900 10-22 22,715 -20
PCR 0.78
MP 22,850

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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